Significant Options Trading Activity Observed in Key Russell 3000 Stocks

Today, the Russell 3000 index has recorded remarkable options trading volume, particularly in MP Materials Corp (Symbol: MP). A total of 44,262 contracts have exchanged hands, which translates to about 4.4 million underlying shares. This figure represents approximately 106.5% of MP’s average daily trading volume of 4.2 million shares over the past month. A significant portion of this activity centers around the $30 strike call option set to expire on May 16, 2025, with 4,076 contracts traded, equating to around 407,600 underlying shares of MP. The chart below illustrates MP’s trading history over the past twelve months, with the $30 strike highlighted in orange:

Viking Therapeutics Inc (Symbol: VKTX) also shows substantial options activity, with 29,635 contracts traded today. This volume represents approximately 3.0 million underlying shares—about 74% of VKTX’s average daily trading volume of 4.0 million shares over the last month. Notably, the $30 strike call option expiring April 17, 2025, has seen particularly high interest, with 9,627 contracts traded, corresponding to roughly 962,700 underlying shares of VKTX. The following chart displays VKTX’s trading history for the last twelve months, emphasizing the $30 strike in orange:

In addition, RXO Inc (Symbol: RXO) has recorded a trading volume of 11,624 contracts so far today. This represents about 1.2 million underlying shares, or 67.4% of RXO’s average daily trading volume of 1.7 million shares over the previous month. The $7.50 strike put option expiring August 15, 2025, has drawn a significant amount of interest, with 10,858 contracts traded, representing approximately 1.1 million underlying shares of RXO. Below is a chart displaying RXO’s trading history for the past twelve months, with the $7.50 strike highlighted in orange:

For more information regarding the available expirations for MP options, VKTX options, or RXO options, please 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.