Surge in Options Trading: United States Steel Corp and Others Capture Attention

Today’s options trading for key companies in the Russell 3000 index reveals significant activity, particularly for United States Steel Corp. (Symbol: X). So far, 104,700 contracts have been traded, which corresponds to around 10.5 million underlying shares. This volume reflects an extraordinary 272.4% of X’s average daily trading volume of 3.8 million shares over the past month. Notably, the $50 strike call option expiring January 17, 2025, has attracted a remarkable 22,751 contracts—translating to approximately 2.3 million underlying shares. The chart below illustrates X’s trading history over the past twelve months, emphasizing the $50 strike in orange:

Amedisys, Inc. (Symbol: AMED) is also seeing heightened options activity, with a total of 11,806 contracts traded today. This number represents roughly 1.2 million underlying shares, which is about 205.5% of AMED’s average daily volume of 574,620 shares for the last month. The $90 strike put option expiring January 17, 2025, stands out with 3,442 contracts traded, accounting for approximately 344,200 underlying shares. Below is the chart detailing AMED’s trading history over the past twelve months, highlighting the $90 strike in orange:

Gap Inc. (Symbol: GAP) has also attracted substantial attention, recording options trading volume of 66,418 contracts today. This activity reflects close to 6.6 million underlying shares, or about 159.3% of GAP’s average daily trading volume of 4.2 million shares over the past month. The $19 strike put option expiring November 15, 2024, has generated 20,001 contracts traded, which corresponds to about 2.0 million underlying shares. The subsequent chart shows GAP’s trading history for the past twelve months, with the $19 strike highlighted in orange:

To explore available expirations for options on X, AMED, or GAP, please visit StockOptionsChannel.com.

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

Additional Resources:

• CODA Historical Stock Prices
• Funds Holding COOT
• Institutional Holders of PRSS

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