Intriguing Wednesday Options Movement: APP, CSCO, MHK

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Applovin Corp (Symbol: APP) reported a trading volume of 64,899 contracts today, amounting to approximately 6.5 million underlying shares, which is 58.3% of its average daily volume of 11.1 million shares. The $700 strike call option expiring on October 10, 2025 saw particularly high activity with 5,924 contracts traded, representing around 592,400 underlying shares.

Cisco Systems Inc (Symbol: CSCO) experienced a volume of 105,856 contracts, equivalent to about 10.6 million underlying shares or 55% of its average daily volume of 19.2 million shares. Notably, the $80 strike call option expiring on January 16, 2026 had 12,681 contracts traded, representing approximately 1.3 million underlying shares.

Mohawk Industries, Inc. (Symbol: MHK) saw options trading of 3,695 contracts, portraying around 369,500 underlying shares, which accounts for 53.3% of its average daily volume of 693,225 shares. The $125 strike call option expiring on October 17, 2025 recorded 1,834 contracts traded, representing about 183,400 underlying shares.

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