Trading activity on October 2, 2023, has shown significant volume in options for several companies within the Russell 3000 index. Snowflake Inc. (SNOW) experienced a trading volume of 48,579 contracts, equating to about 4.9 million underlying shares, which represents 69% of its average daily volume of 7 million shares. The $140 strike put option expiring on July 17, 2026, saw 7,615 contracts traded, corresponding to around 761,500 shares.
MP Materials Corp (MP) also reported high activity, with 36,047 contracts traded, indicating approximately 3.6 million underlying shares—about 65.8% of its average daily volume of 5.5 million shares. The $75 strike call option expiring on April 17, 2026, accounted for 2,777 contracts, or 277,700 underlying shares.
Bed Bath & Beyond Inc. (BBBY) recorded a trading volume of 9,923 contracts today, which translates to roughly 992,300 underlying shares, comprising 63.6% of its average daily volume of 1.6 million shares. The $5 strike call option set to expire on April 17, 2026, had 6,353 contracts traded, representing about 635,300 shares.
