Surge in Options Trading Highlights Activity for Block, CAVA, and Cassava Sciences
Block Inc. (SQ) Sees Exceptional Options Volume
Options trading is bustling today for Block Inc (Symbol: SQ). A total of 122,400 contracts have been traded, accounting for roughly 12.2 million underlying shares. This figure represents an impressive 141.5% of SQ’s average daily trading volume of 8.7 million shares over the past month. The $93 strike call option, expiring November 22, 2024, has drawn particular interest, with 12,431 contracts trading today, which translates to about 1.2 million underlying shares of SQ. Below is a chart detailing SQ’s trading history over the last twelve months, with the $93 strike highlighted in orange:
CAVA Group Inc. (CAVA) Reports Strong Options Activity
CAVA Group Inc (Symbol: CAVA) is also witnessing significant options trading, with 31,765 contracts traded, equating to around 3.2 million underlying shares. This volume represents 109.3% of CAVA’s monthly average of 2.9 million shares. The $135 strike call option expiring November 22, 2024, has been particularly active, with 2,613 contracts traded today, amounting to approximately 261,300 underlying shares. Below is a chart showing CAVA’s trading history over the past year, with the $135 strike marked in orange:
Cassava Sciences Inc. (SAVA) Sees Increased Options Interest
Cassava Sciences Inc (Symbol: SAVA) is not left out, with options trading reaching 13,146 contracts, representing about 1.3 million underlying shares. This trading volume is roughly 98.7% of SAVA’s average daily volume of 1.3 million shares over the past month. The $40 strike call option, slated to expire on November 29, 2024, has been notably active, with 1,445 contracts traded today, which accounts for about 144,500 underlying shares. Below is a chart illustrating SAVA’s twelve-month trading history, with the $40 strike highlighted in orange:
To explore the different available expirations for SQ, CAVA, and SAVA options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- Stocks Crossing Above Their 200-Day Moving Average
- EWJ Split History
- Funds Holding MED
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
