Spike in Options Trading: Rocket Lab, Archer Aviation, and Lyft Show Activity

Major developments in options trading reveal increased activity among key players in the market.

Among the components of the Russell 3000 index, notable options trading volume was observed today for Rocket Lab USA Inc (Symbol: RKLB). A total of 114,908 contracts have been traded thus far, which translates to about 11.5 million underlying shares. This volume accounts for approximately 57.8% of RKLB’s average daily trading volume of 19.9 million shares over the past month. Notably, the $35 strike call option set to expire on February 14, 2025, displayed particularly high interest with 5,478 contracts trading today, corresponding to around 547,800 underlying shares of RKLB. The chart below illustrates RKLB’s trading history for the past twelve months, with the $35 strike highlighted in orange:

Archer Aviation Inc (Symbol: ACHR) also reported significant options trading volume today, totaling 136,156 contracts. This figure represents approximately 13.6 million underlying shares or about 55% of ACHR’s average daily trading volume of 24.8 million shares over the last month. The $10 strike call option, expiring on February 14, 2025, gained attention with 12,741 contracts trading today, equivalent to approximately 1.3 million underlying shares of ACHR. Below is the chart showing ACHR’s trailing twelve months trading history, with the $10 strike marked in orange:

Similarly, Lyft Inc (Symbol: LYFT) saw a robust options trading volume of 78,164 contracts. This reflects about 7.8 million underlying shares, which is roughly 53.3% of LYFT’s average daily trading volume of 14.7 million shares over the past month. The $15 strike call option, expiring on February 14, 2025, recorded substantial activity with 5,795 contracts trading today, representing approximately 579,500 underlying shares of LYFT. Below, find the chart depicting LYFT’s trading history over the last twelve months, with the $15 strike highlighted in orange:

For additional options expirations available for RKLB, ACHR, or LYFT, visit StockOptionsChannel.com.

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

Additional Resources:

• Top Ten Hedge Funds Holding CYTR
• Funds Holding PFG
• Institutional Holders of ABTR

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