Highlighting Today’s Options Trading Surge in Major Companies

Strong activity was observed in options trading for several key players in the Russell 3000 index, notably Devon Energy Corp., Spotify Technology SA, and Idexx Laboratories, Inc. This surge in trading volume raises interest among investors looking for insights into market trends.

Devon Energy Corp. (Symbol: DVN) Sees Heavy Options Activity

Today, Devon Energy Corp. experienced notable options trading, with a total volume of 38,520 contracts exchanged so far. This figure equates to about 3.9 million underlying shares, as each contract represents 100 shares. Remarkably, this volume accounts for 43.2% of DVN’s average daily trading volume, which stood at 8.9 million shares last month. Particularly significant was the $40 strike put option, set to expire on October 25, 2024, with 7,252 contracts traded, representing approximately 725,200 underlying shares. Below is a chart illustrating DVN’s trading history over the past twelve months, with the $40 strike option marked in orange:

Spotify Technology SA (Symbol: SPOT) Follows Suit with Increased Trades

In a similar vein, Spotify Technology SA reported options trading volume of 6,717 contracts, equating to approximately 671,700 underlying shares. This constitutes around 42.8% of SPOT’s average daily trading volume, noted at 1.6 million shares for the past month. The $365 strike put option, set to expire on October 18, 2024, drew particular attention with 1,081 contracts exchanging hands, corresponding to about 108,100 underlying shares. A chart depicting SPOT’s twelve-month trading history is shown below, highlighting the $365 strike option:

Idexx Laboratories, Inc. (Symbol: IDXX) Shows Significant Options Movement

Idexx Laboratories, Inc. also reported noteworthy options activity, with a trading volume of 1,857 contracts, representing about 185,700 underlying shares. This figure amounts to approximately 42.4% of IDXX’s average daily volume of 438,440 shares over the past month. The $420 strike put option, with an expiration date of November 15, 2024, saw strong interest with 1,270 contracts traded, corresponding to roughly 127,000 underlying shares. Below is a chart capturing IDXX’s trading history for the last twelve months, featuring the $420 strike option in orange:

For more information on the various available expirations for DVN options, SPOT options, or IDXX options, visit StockOptionsChannel.com.

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

Also see:

• Consumer Services Dividend Stocks
• VB Market Cap History
• WSBC YTD Return

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