Highlighting Significant Friday Options Activity: XYZ, AA, HHH

On October 9, 2023, notable options trading activity was reported for several companies within the Russell 3000 index. Block Inc (Symbol: XYZ) saw a total of 37,148 contracts traded, representing approximately 3.7 million underlying shares, which is about 63.3% of its average daily volume of 5.9 million shares. The $82 strike call option expiring on July 17, 2026, had significant activity with 4,067 contracts traded, equating to roughly 406,700 underlying shares.

Alcoa Corporation (Symbol: AA) experienced a trading volume of 42,156 contracts, amounting to about 4.2 million underlying shares, also 63.3% of its average daily volume of 6.7 million shares. The $50 strike call option expiring on August 21, 2026, was especially active, with 12,434 contracts traded, representing around 1.2 million underlying shares.

Howard Hughes Holdings Inc (Symbol: HHH) recorded a volume of 2,467 contracts, translating to approximately 246,700 underlying shares, which is 61% of its average daily volume of 404,380 shares. The $70 strike call option expiring on July 17, 2026, saw 610 contracts traded, representing about 61,000 underlying shares.