Today’s Active Options: Insights from CAVA, Macy’s, and Essex Property Trust

Trading Highlights Reveal Significant Volume Across Key Stocks

In a look at options trading within the Russell 3000 index, CAVA Group Inc (Symbol: CAVA) is drawing attention today. So far, the total volume has reached 12,565 contracts, equating to roughly 1.3 million underlying shares. This figure represents 71.3% of CAVA’s average daily trading volume over the past month, which stands at 1.8 million shares. Notably, there has been significant trading activity for the $200 strike call option set to expire on November 15, 2024, with 1,041 contracts exchanged today, translating to around 104,100 underlying shares. Below is a chart showing CAVA’s trading history over the past twelve months, with the $200 strike marked in orange:

Macy’s Inc (Symbol: M) is also witnessing robust options trading with a volume of 26,356 contracts, representing about 2.6 million underlying shares. This accounts for approximately 64.6% of M’s average daily trading volume, which is 4.1 million shares. There was particularly high activity for the $16.50 strike call option expiring on November 08, 2024, with 16,455 contracts traded today, corresponding to about 1.6 million underlying shares. Below is a chart of M’s trading history over the last year, with the $16.50 strike highlighted in orange:

Essex Property Trust Inc (Symbol: ESS) has seen options volume of 2,017 contracts today, representing roughly 201,700 underlying shares. This figure accounts for 61.1% of ESS’s average daily trading volume, which is 330,215 shares. High activity has also been noted for the $280 strike put option expiring on November 15, 2024, with 1,002 contracts traded today, translating to about 100,200 underlying shares. Here’s a chart displaying ESS’s trading history over the past twelve months, with the $280 strike marked in orange:

For more details on CAVA, Macy’s, or ESS options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.