Trading Insights: Active Options Volume for Cummins, Zscaler, and Carvana
Options Trading Volume Surges for Key Companies
Notable activity was observed today in options trading for Cummins, Inc. (Symbol: CMI), where a total of 4,832 contracts were traded, equating to approximately 483,200 underlying shares. This figure represents around 76.6% of CMI’s average daily trading volume over the past month, which stands at 631,080 shares. The $300 strike call option set to expire on December 20, 2024, saw significant interest, with 1,522 contracts traded today, corresponding to about 152,200 underlying shares of CMI. Below is a chart detailing CMI’s trailing twelve-month trading history, highlighting the $300 strike option in orange:
Zscaler Inc. (Symbol: ZS) experienced similar high activity, with 10,296 contracts traded so far, representing roughly 1.0 million underlying shares. This volume accounts for a notable 76% of ZS’s average daily trading volume over the past month of approximately 1.4 million shares. Notable trading was recorded for the $215 strike call option expiring on November 29, 2024, which had 774 contracts traded today, representing about 77,400 underlying shares of ZS. Below is a chart showing ZS’s trailing twelve-month trading history with the $215 strike in orange:
Carvana Co (Symbol: CVNA) also saw considerable options trading volume, totaling 24,374 contracts, which translates to around 2.4 million underlying shares. This represents about 75.3% of CVNA’s average daily trading volume over the past month of 3.2 million shares. High volume was noted for the $240 strike put option expiring November 29, 2024, with 1,588 contracts traded so far today, corresponding to approximately 158,800 underlying shares of CVNA. Here’s a chart depicting CVNA’s trailing twelve-month trading history, highlighting the $240 strike in orange:
For additional details regarding options expirations available for CMI, ZS, or CVNA, 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.
