On a notable trading day for options within the Russell 3000 index, Coherent Corp (COHR) reported a trading volume of 35,701 contracts, or approximately 3.6 million underlying shares, which is 123.4% of COHR’s average daily volume of 2.9 million shares. The $105 strike put option expiring August 15, 2025, saw 8,371 contracts traded, representing about 837,100 underlying shares.
Chewy Inc (CHWY) also experienced significant activity, with 64,599 contracts traded, amounting to 6.5 million underlying shares, or 113.7% of its average daily trading volume of 5.7 million shares. The high volume was noted for the $38.50 strike call option expiring August 15, 2025, which had 6,533 contracts traded, representing 653,300 underlying shares.
Duolingo Inc (DUOL) reported 18,871 contracts traded, equating to 1.9 million underlying shares, or 106.6% of its average daily trading volume of 1.8 million shares. A specific spike was observed in the $290 strike put option expiring September 19, 2025, with 1,751 contracts traded, corresponding to 175,100 underlying shares.
