Surge in Options Trading for Lyft, Discover, and Merck

Among the components of the Russell 3000 index, Lyft Inc (Symbol: LYFT) is experiencing significant options trading activity today. With a total of 114,366 contracts traded, this corresponds to approximately 11.4 million underlying shares. This volume accounts for about 64.2% of LYFT’s average daily trading volume over the past month, which is 17.8 million shares. Notably, the $13 strike call option expiring on March 28, 2025, has seen particularly high engagement, with 17,329 contracts traded, representing around 1.7 million underlying shares of LYFT. The chart below illustrates LYFT’s trailing twelve months trading history, with the $13 strike highlighted in orange:

In another development, Discover Financial Services (Symbol: DFS) recorded options trading volume of 15,330 contracts, equating to approximately 1.5 million underlying shares. This figure represents about 59.3% of DFS’s average daily trading volume over the past month, which stands at 2.6 million shares. A standout was the $150 strike put option expiring on April 17, 2025, with 7,017 contracts traded today, corresponding to roughly 701,700 underlying shares of DFS. Below is the chart depicting DFS’s trading history over the last twelve months, highlighting the $150 strike in orange:

Merck & Co Inc (Symbol: MRK) also saw considerable options trading activity, with a total of 98,868 contracts representing approximately 9.9 million underlying shares. This trading volume accounts for around 56.5% of MRK’s average daily trading volume for the past month of 17.5 million shares. The $91 strike put option expiring on May 02, 2025, drew particular interest, logging 7,504 contracts traded today, which corresponds to about 750,400 underlying shares of MRK. The chart below provides a visual of MRK’s trading history for the trailing twelve months, with the $91 strike indicated in orange:

For additional details on expiration dates related to LYFT, DFS, or MRK options, visit StockOptionsChannel.com.

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

also see:

• Institutional Holders of BZF
• Funds Holding BIGZ
• UDR MACD

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