SoFi, FedEx, and Target Experience Surge in Options Trading

High trading volumes mark significant activity in the options market for key companies today.

Among the Russell 3000 index, SoFi Technologies Inc (Symbol: SOFI) stood out with a remarkable options trading volume today, totaling 274,575 contracts. This trading accounts for approximately 27.5 million underlying shares, which is about 44.3% of SOFI’s average daily trading volume of 61.9 million shares over the past month. Notably, the $11 strike put option expiring November 01, 2024, saw 37,924 contracts change hands, equating to around 3.8 million underlying shares of SOFI. The chart below illustrates SOFI’s trailing twelve-month trading history, with the $11 strike highlighted in orange:

FedEx Corp (Symbol: FDX) also saw significant options trading, with a total of 5,461 contracts exchanged, representing approximately 546,100 underlying shares. This volume constitutes about 44.2% of FDX’s average daily trading volume of 1.2 million shares for the past month. A prominent area of interest was the $260 strike put option expiring November 15, 2024, which recorded 336 contracts traded, covering approximately 33,600 underlying shares of FDX. The following chart depicts FDX’s trailing twelve-month trading history, with the $260 strike marked in orange:

Target Corp (Symbol: TGT) witnessed trading volume of 14,195 options contracts, translating to about 1.4 million underlying shares. This volume represents roughly 44.1% of TGT’s average daily trading volume of 3.2 million shares over the last month. The $150 strike put option expiring November 01, 2024, experienced particularly high trading, with 2,258 contracts executed, equating to around 225,800 underlying shares of TGT. Below is a chart illustrating TGT’s trailing twelve-month trading history, with the $150 strike highlighted in orange:

For detailed options expiration information for SOFI, FDX, or TGT, please visit StockOptionsChannel.com.

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

Also see:

• Warren Buffett Dividend Stock Portfolio
• Institutional Holders of AMAP
• Funds Holding RYCE

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