High Options Trading Activity for Home Depot, Zillow, and Lumen Technologies

Market Updates on Notable Companies

Looking at options trading trends within the Russell 3000 index, today marks a significant increase in trading activity for several major companies. Home Depot Inc (Symbol: HD) has witnessed impressive volume, with a total of 25,616 contracts traded today. This volume translates to around 2.6 million underlying shares, making up approximately 83.6% of HD’s average daily trading volume of 3.1 million shares over the past month. A standout figure is the $450 strike call option expiring on December 20, 2024, which has seen 5,057 contracts traded—equating to about 505,700 underlying shares. Below is a chart detailing HD’s trading history over the last twelve months, with the $450 strike highlighted in orange:

Zillow Group Inc (Symbol: Z) has also recorded significant options activity today, with 23,625 contracts traded, representing about 2.4 million underlying shares. This amount corresponds to 82.2% of Z’s average daily trading volume of 2.9 million shares over the past month. Notably, the $70 strike call option, expiring on October 25, 2024, has seen the highest volume, with 11,298 contracts traded—approximately 1.1 million underlying shares. The chart below illustrates Z’s trading activity over the last twelve months, highlighting the $70 strike in orange:

Lastly, Lumen Technologies Inc (Symbol: LUMN) stands out with a remarkable volume of 95,200 contracts traded today. This figure reflects around 9.5 million underlying shares, which is 78.8% of LUMN’s average daily trading volume of 12.1 million shares for the past month. The $7.50 strike call option expiring on October 25, 2024, is particularly attractive, with 13,165 contracts traded—representing about 1.3 million underlying shares. Below, you can view LUMN’s twelve-month trading history, with the $7.50 strike marked in orange:

For those interested in exploring various expirations for options on HD, Z, or LUMN, please visit StockOptionsChannel.com.

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