Midweek Highlights: Notable Options Activity in MRVL, HOOD, CAR

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Marvell Technology Inc. (MRVL) reported significant trading activity today, with a total of 418,673 contracts exchanged, representing approximately 41.9 million underlying shares. This volume is 125.4% of MRVL’s average daily trading volume of 33.4 million shares. Notably, the $320 strike call option expiring on June 5, 2026, saw 20,426 contracts traded, accounting for around 2.0 million underlying shares.

Robinhood Markets Inc. (HOOD) also experienced high options trading today, with 231,808 contracts traded, representing approximately 23.2 million underlying shares, or 90.3% of its average daily volume of 25.7 million shares. The $90 strike call option for HOOD, expiring on June 5, 2026, recorded 14,869 contracts, translating to about 1.5 million underlying shares.

Meanwhile, Avis Budget Group Inc. (CAR) saw 8,569 contracts traded, representing approximately 856,900 underlying shares, which is about 84.4% of its average daily trading volume of 1.0 million shares. The $200 strike call option for CAR expiring on June 5, 2026, had 1,094 contracts traded, equating to around 109,400 underlying shares.

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