Significant Options Activity Noted for CAR, WDAY, and GAP
Today, Avis Budget Group Inc (Ticker: CAR) experienced notable options trading, with 8,306 contracts exchanged. This figure accounts for about 830,600 underlying shares, equating to 59.7% of CAR’s average daily trading volume of 1.4 million shares over the past month. The $135 strike call option, expiring on December 19, 2025, saw particularly high activity with 2,251 contracts traded, representing roughly 225,100 underlying shares.
In a parallel trend, Workday Inc (Ticker: WDAY) reported an options volume of 13,241 contracts, corresponding to approximately 1.3 million underlying shares. This amount is 58.7% of WDAY’s average daily trading volume of 2.3 million shares over the last month. The standout $230 strike put option, expiring on July 18, 2025, generated 6,081 contracts traded today, representing 608,100 underlying shares.
Meanwhile, The Gap Inc (Ticker: GAP) saw an options trading volume of 56,133 contracts, which translates to approximately 5.6 million underlying shares, or 57.7% of GAP’s monthly average of 9.7 million shares. The $30 strike call option, expiring on June 6, 2025, attracted high volume with 5,022 contracts traded today, representing about 502,200 underlying shares.
For information on various expiration dates for options related to CAR, WDAY, or GAP, visit StockOptionsChannel.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
