Surge in Options Trading Highlights EOG Resources and Other Key Players
Notable Activity in EOG Resources
Analyzing options trading in the Russell 3000 index reveals significant movement today in EOG Resources, Inc. (Symbol: EOG). A total of 56,421 contracts have been traded so far, equivalent to about 5.6 million underlying shares, since each contract represents 100 shares. This trading volume is impressive, reaching 161.2% of EOG’s average daily volume of 3.5 million shares over the past month. The most intense activity was recorded for the $122.50 strike call option expiring on January 17, 2025, with 9,122 contracts traded, translating to approximately 912,200 underlying shares of EOG. Below, a chart illustrates EOG’s trading performance over the last twelve months, with the $122.50 strike marked in orange:
Asbury Automotive Group Shows Strong Trading Volume
Asbury Automotive Group Inc (Symbol: ABG) also experienced robust options trading today, with 2,502 contracts exchanged, representing around 250,200 underlying shares. This figure is about 154.9% of ABG’s average daily trading volume of 161,515 shares over the past month. The $200 strike call option expiring on January 17, 2025, was particularly active, with 1,201 contracts traded, equivalent to approximately 120,100 underlying shares of ABG. The chart below outlines ABG’s trading history over the past year, highlighting the $200 strike option in orange:
Arbor Realty Trust Demonstrates Robust Activity
Arbor Realty Trust Inc (Symbol: ABR) saw impressive options trading volume today as well, with 33,237 contracts traded. This represents about 3.3 million underlying shares or 146.3% of ABR’s average daily trading volume of 2.3 million shares over the past month. The $14 strike call option set to expire on February 21, 2025, saw particularly high activity, with 16,188 contracts traded, accounting for roughly 1.6 million underlying shares of ABR. Below is a chart detailing ABR’s trading activity from the previous year, with the $14 strike highlighted in orange:
For additional details on the various expiration options available for EOG, ABG, or ABR, 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.
