Spike in Options Trading: Tiptree, eBay, and Quanta Services Engage Investors

Among the components of the Russell 3000 index, Tiptree Inc (Symbol: TIPT) experienced significant options trading activity today. A total of 979 contracts were traded, representing approximately 97,900 underlying shares. This volume accounts for about 61.6% of TIPT’s average daily trading volume of 159,010 shares over the last month. Notably, the $24.75 strike call option expiring June 20, 2025, saw particularly strong interest, with 664 contracts exchanged, equating to around 66,400 underlying shares of TIPT. Below is a chart highlighting TIPT’s trailing twelve-month trading history, with the $24.75 strike indicated in orange:

eBay Inc. (Symbol: EBAY) options reflected a robust trading volume of 34,354 contracts today. This amounts to approximately 3.4 million underlying shares, constituting 54% of eBay’s average daily trading volume of 6.4 million shares over the past month. The $71 strike call option expiring May 02, 2025, attracted high volume as well, with 8,345 contracts traded—equaling around 834,500 underlying shares of EBAY. Shown below is eBay’s trailing twelve-month trading history, with the $71 strike highlighted:

Finally, Quanta Services, Inc. (Symbol: PWR) noted options trading of 7,087 contracts, which represents about 708,700 underlying shares, or approximately 51.7% of PWR’s average daily trading volume of 1.4 million shares over the last month. The $380 strike call option expiring June 20, 2025, exhibited significant interest with 2,186 contracts traded, representing about 218,600 underlying shares of PWR. Below is a chart displaying PWR’s trailing twelve-month trading history, with the $380 strike highlighted:

For more information on the various expirations available for TIPT, EBAY, or PWR options, visit StockOptionsChannel.com.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.