Highlights from Tuesday’s Options Trading: RH, BBY, ALK

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RH (Symbol: RH) experienced significant options trading activity on October 13, 2023, with a total volume of 4,812 contracts traded, equivalent to approximately 481,200 underlying shares. This represents 47.1% of RH’s monthly average daily trading volume of 1.0 million shares. Notably, the $220 strike put option expiring on August 22, 2025 saw 1,138 contracts traded, amounting to around 113,800 shares.

Best Buy Inc (Symbol: BBY) recorded options trading volume of 13,431 contracts, representing approximately 1.3 million underlying shares, or 45.3% of its average daily volume of 3.0 million shares. The $74 strike call option expiring on August 22, 2025 had particularly high volume, with 2,913 contracts traded, corresponding to about 291,300 shares.

Alaska Air Group, Inc. (Symbol: ALK) saw options trading volume of 11,443 contracts, equating to approximately 1.1 million underlying shares, or 44.8% of its average daily trading volume of 2.6 million shares. The $60 strike call option expiring on September 19, 2025 had a high volume of 5,130 contracts, representing around 513,000 shares.

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