Insights from Thursday’s Option Activity: CRCL, SPOT, OZK

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On October 5, 2023, notable options trading activity was observed in the Russell 3000 index, particularly for Circle Internet Group Inc Class A (CRCL), which recorded a volume of 70,841 contracts, equivalent to approximately 7.1 million shares traded. This represents about 62.3% of CRCL’s average daily trading volume of 11.4 million shares over the past month. The most active option was the $125 strike put, with 2,447 contracts traded.

Spotify Technology SA (SPOT) saw an options volume of 7,590 contracts, amounting to about 759,000 underlying shares, which constitutes 59.1% of its monthly average volume of 1.3 million shares. The $570 strike put option had particularly high interest, with 266 contracts traded.

Bank OZK (OZK) experienced options trading of 5,313 contracts, representing roughly 531,300 underlying shares, or 58.7% of its average daily volume of 905,815 shares. The $45 strike put option expiring January 16, 2026, was the most actively traded, with 5,000 contracts exchanged.

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