On October 1, 2023, significant options trading activity was recorded for QuantumScape Corp (QS) and Applied Digital Corporation (APLD) within the Russell 3000 index. QuantumScape saw a total of 360,607 contracts traded, equivalent to approximately 36.1 million underlying shares, which is about 63% of its average daily trading volume of 57.2 million shares over the past month. Notably, the $13 strike call option expiring July 18, 2025, had high volume with 27,455 contracts traded, representing about 2.7 million underlying shares.
Applied Digital Corporation experienced similar trading volume, with 196,748 contracts traded, representing around 19.7 million underlying shares, or 62% of its average daily trading volume of 31.8 million shares. The $10 strike call option expiring July 18, 2025, saw 15,562 contracts traded, approximating 1.6 million underlying shares.
SPS Commerce, Inc. (SPSC) noted a lower volume of 1,928 contracts, equating to 192,800 underlying shares, which is about 61% of its average daily trading volume of 315,845 shares, with particular attention on the $125 strike call option expiring January 16, 2026, where 963 contracts were traded, representing approximately 96,300 underlying shares.
