Unusual Options Activity Highlights Altria, Sun Communities, and Evolv Technologies

Today, traders have shown significant interest in options for several companies within the Russell 3000 index, particularly Altria Group Inc, Sun Communities Inc, and Evolv Technologies Holdings Inc.

Altria Group Inc. Sees Surge in Call Options Trading

In Altria Group Inc (Symbol: MO), trading volume reached 51,996 contracts today. This figure represents about 5.2 million underlying shares, or roughly 60% of MO’s average daily trading volume of 8.7 million shares over the past month. Notably, options for the $59 strike call expiring on December 06, 2024, were especially popular, with 20,705 contracts trading today, equating to around 2.1 million underlying shares. The chart below illustrates MO’s trading history over the past twelve months, with the $59 strike marked in orange:

High Demand for Sun Communities Inc Options

Sun Communities Inc (Symbol: SUI) recorded an options trading volume of 6,041 contracts today. This translates into approximately 604,100 underlying shares, which accounts for about 57.2% of SUI’s average daily trading volume of 1.1 million shares. The $120 strike put option expiring on January 17, 2025, was in high demand, with 2,532 contracts traded today, representing approximately 253,200 underlying shares. The following chart shows SUI’s trading history, emphasizing the $120 strike:

Evolv Technologies Holdings Inc Records Significant Options Volume

Evolv Technologies Holdings Inc (Symbol: EVLV) exhibited an options volume of 17,187 contracts, equating to about 1.7 million underlying shares. This volume represents a substantial 56.6% of EVLV’s average daily trading volume, which stands at 3.0 million shares over the past month. The $2.50 strike put option expiring on December 20, 2024, was particularly active, with 9,466 contracts trading, or approximately 946,600 underlying shares. Below is a chart that highlights EVLV’s trading history and the specified strike:

For detailed information about available expirations for MO, SUI, or EVLV options, visit StockOptionsChannel.com.

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

Additional Resources:

• Manufacturing Dividend Stock List
• Top Ten Hedge Funds Holding JPZ
• Funds Holding ENZN

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