On a bustling Friday, options markets indicated a flurry of activity around components of the Russell 3000 index. Rogers Corp. (ROG) witnessed a notable surge, with a total of 652 contracts, equivalent to about 65,200 underlying shares, exchanging hands. This uptick represents a striking 55% of ROG’s average daily trading volume over the last month. Outstandingly high volume was observed for the $160 strike call option, set to expire on February 16, 2024, with 138 contracts traded, representing approximately 13,800 underlying shares of ROG.
Lpl Financial Holdings Inc (LPLA) also experienced robust options trading, with 3,719 contracts changing hands. This volume translates to about 371,900 underlying shares, constituting a substantial 54.9% of LPLA’s average daily trading volume over the past month of 677,805 shares. Particularly striking was the high volume for the $270 strike call option expiring on March 15, 2024, with 1,633 contracts traded, representing approximately 163,300 underlying shares of LPLA.
Meanwhile, Wayfair Inc (W) witnessed an active options trading volume of 25,999 contracts, marking about 2.6 million underlying shares or roughly 54.3% of W’s average daily trading volume over the past month. Notably, the $60 strike call option expiring on January 17, 2025, saw substantial activity, with 3,109 contracts changing hands, indicating around 310,900 underlying shares of W. The notable increase in option volumes for these companies could potentially signify substantial market movement in the near future.
Investors interested in exploring the various expirations for ROG, LPLA, or W options can refer to StockOptionsChannel.com.
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