Significant Thursday Options Highlights: LULU, CIEN, APP

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Among the S&P 500 index components, notable options trading was recorded for lululemon athletica Inc. (LULU) today, with 13,638 contracts exchanged, equating to approximately 1.4 million underlying shares. This represents about 56.3% of LULU’s average daily trading volume of 2.4 million shares. Particularly high interest was noted for the $150 strike call option expiring August 21, 2026, with 1,122 contracts traded, representing around 112,200 underlying shares.

Ciena Corp (CIEN) also saw significant activity, with 11,142 contracts traded, roughly 1.1 million underlying shares, about 51.3% of its average daily volume of 2.2 million shares. The $422.50 strike call option expiring August 14, 2026, experienced strong volume with 635 contracts trading, representing around 63,500 shares.

Furthermore, Applovin Corp (APP) had 35,761 contracts traded, corresponding to approximately 3.6 million underlying shares, or 48.6% of its average of 7.4 million shares daily. The $315 strike call option expiring August 14, 2026, garnered attention with 1,499 contracts traded, representing about 149,900 shares.

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