Wednesday Highlights: Key Options Activity for TGT, GE, and VRT

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On October 10, 2023, notable options trading volume was recorded for Target Corp (TGT), with 21,786 contracts traded, amounting to approximately 2.2 million underlying shares. This represents about 45.2% of TGT’s average daily trading volume of 4.8 million shares over the past month. The $140 strike call option expiring July 17, 2026, was particularly active, with 2,767 contracts trading, equivalent to around 276,700 underlying shares.

Additionally, GE Aerospace (GE) saw 21,371 contracts traded, representing 2.1 million underlying shares, or 43.2% of its average daily volume of 5 million shares. The $375 strike call option for GE, expiring July 17, 2026, had 3,069 contracts traded, totaling approximately 306,900 shares.

Vertiv Holdings Co (VRT) experienced the highest options trading volume with 27,968 contracts, equating to about 2.8 million underlying shares, which is 42.1% of its average daily volume of 6.7 million shares. This included significant activity for the $210 strike put option expiring August 28, 2026, with 5,402 contracts traded, or roughly 540,200 underlying shares.

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