Surge in Trading Volume for Align Technology, Charles Schwab, and MGM Resorts Options

A significant uptick in options trading has been observed among key players in the Russell 3000 index today.

Align Technology Options Are Buzzing

Align Technology Inc (Symbol: ALGN) has experienced a remarkable options trading volume, with 3,040 contracts exchanged thus far. This figure translates to approximately 304,000 underlying shares, making up around 45.4% of ALGN’s average daily trading volume of 670,220 shares over the last month. Notably, the $270 strike put option, set to expire on January 17, 2025, has garnered particular interest, with 370 contracts traded today, which stands for about 37,000 underlying shares of ALGN. The chart below illustrates ALGN’s trading history over the past twelve months, highlighting the $270 strike in orange:

Charles Schwab Sees Strong Options Activity

In the same vein, The Charles Schwab Corporation (Symbol: SCHW) has recorded an impressive options volume of 33,227 contracts today. This total equates to about 3.3 million underlying shares, representing a robust 42.9% of SCHW’s average daily trading volume of 7.7 million shares over the past month. The $75 strike call option, expiring on January 17, 2025, has stood out with 5,002 contracts traded, corresponding to around 500,200 underlying shares of SCHW. Below, the chart displays SCHW’s twelve-month trading history, with the $75 strike highlighted:

MGM Resorts Options Trading Gains Traction

MGM Resorts International (Symbol: MGM) also reported considerable options trading, with a volume of 19,164 contracts, equating to approximately 1.9 million underlying shares. This figure represents nearly 42.7% of MGM’s average daily trading volume of 4.5 million shares over the past month. Among these, the $34 strike call option expiring January 24, 2025, has seen considerable activity, with 5,350 contracts traded today, representing around 535,000 underlying shares of MGM. The following chart presents MGM’s trading history, with the $34 strike noted in orange:

For a comprehensive list of available expirations for options on ALGN, SCHW, or MGM, be sure to check StockOptionsChannel.com.

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