Highlights from Thursday’s Notable Options Trading: NVRI, OLMA, INSP

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Among the components of the Russell 3000 index, Enviri Corp (NVRI) experienced significant options trading on October 5, 2023. A total of 5,444 contracts were traded, equating to approximately 544,400 underlying shares, which is about 46.1% of NVRI’s average daily trading volume of 1.2 million shares. The $20 strike call option expiring April 17, 2026, saw the highest activity, with 4,267 contracts traded, representing roughly 426,700 underlying shares.

Additionally, Olema Pharmaceuticals Inc (OLMA) reported options trading volume of 5,898 contracts, or approximately 589,800 underlying shares, making up 46.1% of its average daily volume of 1.3 million shares. The $30 strike call option expiring April 17, 2026, was particularly active, with 2,704 contracts traded.

Inspire Medical Systems Inc (INSP) also had notable options activity, with 4,417 contracts traded, representing around 441,700 underlying shares, which is 45.6% of its average daily volume of 968,565 shares. The $100 strike call option expiring February 20, 2026, saw 2,038 contracts traded.

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