On October 3, 2023, significant options trading activity was reported in the Russell 3000 index components, particularly with CloudFlare Inc (Symbol: NET), which saw a total volume of 32,851 contracts—equating to approximately 3.3 million underlying shares. This volume represents 103.8% of NET’s average daily trading volume of 3.2 million shares over the past month. Notably, 3,125 contracts were traded for the $350 strike call option expiring on September 18, 2026, representing 312,500 underlying shares.
Shake Shack Inc (Symbol: SHAK) also reported high trading volume of 10,423 contracts, amounting to about 1.0 million underlying shares, which is 101.8% of its average daily trading volume. A particularly active option was the $60 strike put option, with 4,021 contracts traded, equating to 402,100 underlying shares.
Additionally, Elemental Royalty Corp (Symbol: ELE) had an options trading volume of 2,692 contracts, or approximately 269,200 underlying shares—95.7% of its average daily trading volume. The $22.50 strike call option expiring on September 18, 2026, was particularly active, with 2,253 contracts traded, representing about 225,300 underlying shares.
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