Active Options Trading Highlights on Russell 3000 Components

Applied Materials, Bank of America, and Uber See Significant Volume Today

Today in options trading for the Russell 3000 index, Applied Materials, Inc. (Symbol: AMAT) has captured attention. A total volume of 31,142 contracts have traded, equating to about 3.1 million underlying shares, since each contract represents 100 shares. This volume constitutes 43.9% of AMAT’s average daily trading volume of 7.1 million shares over the past month. Notably, the $150 strike put option expiring on March 21, 2025, saw particularly high activity with 10,035 contracts traded, translating to approximately 1.0 million underlying shares of AMAT. Below is a chart that illustrates AMAT’s trading history over the last twelve months, highlighting the $150 strike in orange:

Meanwhile, Bank of America Corp (Symbol: BAC) reported a robust options volume today with 145,806 contracts traded. This total corresponds to about 14.6 million underlying shares, accounting for 43.7% of BAC’s average daily trading volume of 33.4 million shares. A significant focus was on the $25 strike put option set to expire on December 27, 2024, which witnessed 9,254 contracts trading, representing approximately 925,400 underlying shares of BAC. Below is a chart showcasing BAC’s trading history over the past twelve months, with the $25 strike highlighted in orange:

Uber Technologies Inc (Symbol: UBER) also had noteworthy options trading activity, with 129,764 contracts exchanged, representing about 13.0 million underlying shares. This activity is approximately 42.5% of UBER’s average daily trading volume of 30.5 million shares over the last month. The $64 strike call option expiring on January 3, 2025, dominated the volume, with 5,911 contracts traded, equal to roughly 591,100 underlying shares of UBER. Below is a chart that displays UBER’s trading history for the past twelve months, with the $64 strike in orange:

For more information on the various available expirations for AMAT, BAC, or UBER options, visit StockOptionsChannel.com.

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