Market Movers: High Options Trading Volume in Nextracker, Alaska Air, and Starbucks

Significant options trading volume is making headlines today, particularly for Nextracker Inc. (Symbol: NXT), Alaska Air Group, Inc. (Symbol: ALK), and Starbucks Corp. (Symbol: SBUX). Investors are actively engaging with these stocks, indicating heightened market interest.

Nextracker Inc. Sees Impressive Activity

Nextracker Inc. has recorded an impressive options trading volume of 39,111 contracts, translating to about 3.9 million underlying shares. This figure represents 168.1% of the company’s average daily trading volume of 2.3 million shares over the past month. One standout option is the $40 strike call, expiring on November 15, 2024, which has seen 6,355 contracts traded today, equating to approximately 635,500 underlying shares. The chart below illustrates NXT’s trading history over the last year, with the $40 strike call indicated in orange:

Alaska Air Group’s Options Volume Surges

Alaska Air Group, Inc. is also experiencing notable trading activity with 33,238 contracts exchanged so far today. This equates to approximately 3.3 million underlying shares and represents 152.6% of ALK’s average daily trading volume of 2.2 million shares from the past month. The $47.50 strike call option, expiring on November 15, 2024, has particularly gained traction with 10,498 contracts traded, representing around 1 million underlying shares. Below, you can see ALK’s trading chart from the last year with the $47.50 strike highlighted:

Starbucks Corp. Experiences Active Trading

Starbucks Corp. has reported one of the highest options trading volumes at 90,069 contracts, corresponding to about 9 million underlying shares. This volume represents 126.5% of SBUX’s average daily trading volume of 7.1 million shares over the past month. Notably, the $90 strike put option expiring on November 01, 2024, stands out with 5,996 contracts traded today, approximately representing 599,600 underlying shares. The following chart depicts SBUX’s trading activity over the past year with the $90 strike highlighted:

For details on various expirations for NXT, ALK, or SBUX options, visit StockOptionsChannel.com.

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