Midweek Highlight: Option Strategies for RVLV, SOFI, BE

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Among the components of the Russell 3000 index, substantial options trading volume was recorded on October 16, 2023. Revolve Group Inc (RVLV) saw 13,841 contracts traded, equivalent to about 1.4 million shares, representing 171.2% of its average daily trading volume of 808,350 shares. The $30 strike call option expiring on May 15, 2026, was particularly active, with 6,931 contracts traded.

SoFi Technologies Inc (SOFI) reported an impressive 883,275 contracts traded today, translating to approximately 88.3 million shares, or 162.9% of its average daily volume of 54.2 million shares. The $32 strike call option expiring on June 18, 2026, accounted for 40,026 contracts.

Bloom Energy Corp (BE) experienced a trading volume of 165,808 contracts, approximately 16.6 million underlying shares, or 162.8% of its average daily trading volume of 10.2 million shares. Notably, 4,657 contracts were traded for the $300 strike call option expiring on May 1, 2026.

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