Increased Options Activity Noted in Russell 3000 Components

Today’s options trading activity within the Russell 3000 index highlights significant movements in several companies. Notably, McDonald’s Corp (Symbol: MCD) has seen a total of 22,825 contracts traded so far, representing approximately 2.3 million underlying shares. This volume accounts for 52.8% of MCD’s average daily trading volume over the past month, which stands at 4.3 million shares. The $290 strike put option set to expire on May 16, 2025, has been particularly active, with 1,772 contracts traded, equating to roughly 177,200 underlying shares of MCD.

Below is a chart illustrating MCD’s trailing twelve-month trading history, with the $290 strike highlighted in orange:

Palantir Technologies Inc (Symbol: PLTR) is also experiencing notable options trading, with 596,604 contracts traded today. This represents about 59.7 million underlying shares and constitutes 52.8% of PLTR’s average daily trading volume over the last month, which is 113.0 million shares. A significant amount of activity has been recorded for the $105 strike put option expiring on May 2, 2025, with 25,583 contracts traded, translating to approximately 2.6 million underlying shares.

The chart below shows PLTR’s trailing twelve-month trading history, with the $105 strike highlighted in orange:

United States Steel Corp. (Symbol: X) options have shown a volume of 41,781 contracts today, reflecting approximately 4.2 million underlying shares. This accounts for 51.6% of X’s average daily trading volume over the past month, which is 8.1 million shares. A notable spike occurred with the $50 strike call option expiring on June 20, 2025, where 10,173 contracts have traded, equating to roughly 1.0 million underlying shares of X.

The next chart outlines X’s trailing twelve-month trading history, with the $50 strike highlighted in orange:

For more information on the available expirations for MCD, PLTR, or X options, please 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.