Highlights from Tuesday’s Options Trading: APP, PSKY, MRNA

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On October 2, 2023, Applovin Corp (APP) traded a total of 77,335 options contracts, equivalent to approximately 7.7 million underlying shares, which is 179.1% of its average daily volume of 4.3 million shares over the past month. Notably, the $650 strike call option expiring November 14, 2025, accounted for 3,714 contracts or around 371,400 underlying shares.

Paramount Skydance Corporation – Class B (PSKY) reported an options trading volume of 39,977 contracts, translating to about 4.0 million underlying shares or 76.6% of its average daily volume of 5.2 million shares. The $20 strike call option expiring January 16, 2026, was highly active with 3,963 contracts trading today, representing approximately 396,300 underlying shares.

Moderna Inc (MRNA) saw substantial trading activity with 90,940 options contracts, representing around 9.1 million underlying shares, which is 76.5% of its average daily volume of 11.9 million shares. The $25 strike call option expiring January 16, 2026, had particularly high volume with 34,408 contracts, equating to approximately 3.4 million underlying shares.

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