Unusual Options Activity in Five Below, First Solar, and CAVA

Today’s options trading activity among the Russell 3000 index components highlights significant movements for several companies. Notable is Five Below Inc (Symbol: FIVE), which has seen a total trading volume of 8,596 contracts. This equals approximately 859,600 underlying shares, as each contract represents 100 shares. This volume constitutes 62.2% of FIVE’s average daily trading volume of 1.4 million shares over the past month. A standout was the $110 strike call option set to expire on March 21, 2025, where 4,012 contracts traded today, equating to around 401,200 underlying shares. Below, the chart illustrates FIVE’s trading history over the last twelve months, with the $110 strike marked in orange:

First Solar Inc (Symbol: FSLR) is experiencing a significant options volume of 19,554 contracts today. This represents about 2.0 million underlying shares, or 61.2% of FSLR’s average daily trading volume of 3.2 million shares over the last month. A particularly high level of activity was noted for the $135 strike put option expiring on March 07, 2025, with 1,507 contracts trading, which corresponds to approximately 150,700 underlying shares of FSLR. Below is a chart depicting FSLR’s trading history, highlighting the $135 strike in orange:

CAVA Group Inc (Symbol: CAVA) has also attracted attention today with an options trading volume of 22,869 contracts, representing approximately 2.3 million underlying shares. This accounts for around 60.2% of CAVA’s average daily trading volume of 3.8 million shares over the past month. Noteworthy was the $81 strike put option expiring on March 07, 2025, with 1,389 contracts traded today, which means about 138,900 underlying shares of CAVA are involved. Below, the trading history for CAVA, marked with the $81 strike in orange, is illustrated:

For information on various expiration dates for options on FIVE, FSLR, or CAVA, visit StockOptionsChannel.com.

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

Also see:

• MLPs Hedge Funds Are Selling
• FLAG Market Cap History
• Institutional Holders of FDML

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