Rising Options Trading Volume Highlights Key Stocks in the Market

In today’s trading activity for the Russell 3000 index, several companies are experiencing significant options trading. Notable among these is Uber Technologies Inc (Symbol: UBER), which has seen a total of 106,912 contracts traded. This figure translates to approximately 10.7 million underlying shares, as each contract corresponds to 100 shares. Remarkably, this volume accounts for 66.6% of UBER’s average daily trading volume of 16.0 million shares over the last month.

Particularly noteworthy is the volume for the $75 strike put option, set to expire on November 01, 2024, where 7,614 contracts have traded. This represents around 761,400 underlying shares of UBER. Below is a chart displaying UBER’s trading history over the past year, with the $75 strike highlighted in orange:

Roblox Corp (Symbol: RBLX) is also seeing substantial activity, with options trading volume at 50,343 contracts. This represents approximately 5.0 million underlying shares or about 66.5% of RBLX’s average daily trading volume of 7.6 million shares over the past month. A significant number of trades involve the $48 strike call option expiring on November 29, 2024, with 3,603 contracts exchanged, corresponding to roughly 360,300 underlying shares of RBLX. The following chart illustrates RBLX’s trading history for the past year, featuring the $48 strike in orange:

Finally, options trading for CONMED Corp (Symbol: CNMD) has reached 2,493 contracts today, representing about 249,300 underlying shares. This volume amounts to 64.3% of CNMD’s average daily trading volume of 387,935 shares in the last month. A notable focus is on the $80 strike call option expiring on May 16, 2025, with 1,211 contracts traded, equating to approximately 121,100 underlying shares of CNMD. Below is CNMD’s trading history for the past year, with the $80 strike option highlighted:

To explore more about the various expiration dates for UBER, RBLX, or CNMD options, visit StockOptionsChannel.com.

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

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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.