Surge in Options Trading: Key Insights from Russell 3000 Components

Today’s trading activities have revealed significant movements among notable Russell 3000 companies, particularly in the options market.

ON Semiconductor Corp Sees High Volume Activity

In ON Semiconductor Corp (Symbol: ON), options trading has surged with a total volume of 29,989 contracts, which translates to roughly 3.0 million underlying shares. This volume constitutes about 46.1% of ON’s average daily trading volume of 6.5 million shares over the last month. The $60 strike put option, set to expire on January 10, 2025, has garnered particular attention, seeing 3,133 contracts traded, representing approximately 313,300 underlying shares. Below is a chart illustrating ON’s trailing twelve-month trading history, highlighting the $60 strike in orange:

Thor Industries, Inc. Trading Volume on the Rise

Similarly, Thor Industries, Inc. (Symbol: THO) has reported strong options activity with 2,392 contracts traded today. This represents about 239,200 underlying shares, or 46% of THO’s average daily trading volume of 520,420 shares over the past month. Among these, a notable 1,802 contracts for the $70 strike put option, expiring June 20, 2025, were traded, correlating to about 180,200 underlying shares. The following chart displays THO’s twelve-month trading history, with the $70 strike marked in orange:

Clearwater Paper Corp Shows Strong Options Demand

Clearwater Paper Corp (Symbol: CLW) has also experienced active options trading today, with a volume of 2,499 contracts equating to about 249,900 underlying shares. This volume represents approximately 45.9% of CLW’s average daily trading volume of 543,945 shares over the previous month. Particularly, the $45 strike call option expiring January 17, 2025, saw a significant volume of 1,022 contracts traded, equating to around 102,200 underlying shares. Below is the chart of CLW’s trailing twelve-month trading history, featuring the $45 strike highlighted in orange:

For additional details on the various available expirations for ON, THO, or CLW options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

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