On October 19, 2023, notable options trading activity was observed in the Russell 3000 index, particularly for United States Steel Corp. (X), with 58,554 contracts traded, equating to approximately 5.9 million shares—53% of its average daily volume of 11 million shares. The $55 strike put option expiring on August 15, 2025, accounted for 4,502 contracts traded, representing about 450,200 underlying shares.
Similarly, Par Pacific Holdings Inc. (PARR) experienced options trading of 7,294 contracts, approximately 729,400 shares, or 49.5% of its average daily volume of 1.5 million shares. The $20 strike call option expiring on June 20, 2025, saw increased activity with 7,035 contracts traded.
In addition, Okta Inc. (OKTA) noted 24,179 contracts traded, representing 2.4 million shares, encompassing 49.5% of its average daily volume of 4.9 million shares. The $105 strike call option expiring on June 20, 2025, recorded 1,717 contracts traded.
