Surge in Options Trading: Churchill Downs, HEICO, and Northrop Grumman Draw Attention

Options trading activity among the Russell 3000 index components shows significant interest today, particularly in Churchill Downs, Inc. (Symbol: CHDN). So far, 3,007 contracts have changed hands, which translates to about 300,700 underlying shares since one contract represents 100 shares. This trading volume accounts for 56.1% of CHDN’s average daily trading volume of 536,300 shares over the past month. The $150 strike call option expiring February 21, 2025, has notably high activity with 3,000 contracts traded, representing approximately 300,000 underlying shares of CHDN. Below is a chart depicting CHDN’s trading history over the past year, with the $150 strike marked in orange:

HEICO Corp (Symbol: HEI) experienced options trading volume of 2,209 contracts, indicating approximately 220,900 underlying shares. This figure represents around 54.9% of HEI’s average daily trading volume of 402,700 shares in the last month. The $280 strike call option expiring December 20, 2024, attracted particular interest, with 516 contracts traded today, representing around 51,600 underlying shares of HEI. Below is a chart showing HEI’s trading history over the prior twelve months, with the $280 strike highlighted in orange:

Northrop Grumman Corp (Symbol: NOC) saw options trading volume reach 3,993 contracts, equating to about 399,300 underlying shares. This volume covers approximately 53.7% of NOC’s average daily trading volume of 743,580 shares over the past month. A notable portion of today’s activity was seen in the $480 strike put option expiring January 17, 2025, with 510 contracts traded, representing roughly 51,000 underlying shares of NOC. The following chart illustrates NOC’s trading history in the last twelve months, with the $480 strike marked in orange:

For information on various available expirations for CHDN options, HEI options, or NOC 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.