High Options Trading Volume Observed for MasTec, Knife River, and Steel Dynamics

Investors Show Increased Activity in Key Stocks Today

Today, significant options trading has been noted within the Russell 3000 index components. MasTec Inc. (Symbol: MTZ) is a standout this session, with a total of 3,947 contracts traded. This volume accounts for about 394,700 underlying shares, as each contract represents 100 shares. Notably, this activity corresponds to 57.8% of MTZ’s average daily trading volume of 682,910 shares over the last month. The $110 strike put option, set to expire on December 20, 2024, saw particularly high interest, with 1,251 contracts trading today, equating to approximately 125,100 underlying shares. Below is a chart illustrating MTZ’s trading history over the past twelve months, highlighting the $110 strike in orange:

Knife River Corp (Symbol: KNF) also attracted attention, with a current options volume of 1,535 contracts. This figure translates to around 153,500 underlying shares, representing a substantial 56.6% of KNF’s average daily trading volume of 270,980 shares over the past month. The $90 strike put option expiring on November 15, 2024, led the activity, with 751 contracts trading today, equating to about 75,100 underlying shares. The following chart showcases KNF’s trading history, with the $90 strike highlighted in orange:

Lastly, Steel Dynamics Inc. (Symbol: STLD) recorded an options volume of 6,342 contracts today, which represents approximately 634,200 underlying shares and 55.3% of its average daily trading volume of 1.1 million shares. The $125 strike call option set to expire on January 17, 2025, showed particular interest, with 1,876 contracts trading today, indicative of around 187,600 underlying shares. Below is STLD’s trading history chart, highlighting the $125 strike in orange:

For information on the different expirations available for options on MTZ, KNF, or STLD, please visit StockOptionsChannel.com.

Check Out Today’s Most Active Call & Put Options of the S&P 500 »

Additional Resources:

• Top Ten Hedge Funds Holding TWQ
• HIX Videos
• NWL Average Annual Return

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