Heavy Options Trading Observed in Affirm, AEO, and Western Alliance

Among the components of the Russell 3000 index, notable options trading activity was recorded today for several companies. Affirm Holdings Inc (Symbol: AFRM) experienced significant volume, with a total of 82,624 contracts traded, equivalent to approximately 8.3 million underlying shares. This represents about 95.1% of AFRM’s average daily trading volume of 8.7 million shares over the past month. A particular highlight was the $60 strike call option expiring May 16, 2025, which saw 8,184 contracts traded, representing around 818,400 underlying shares. Below is a chart displaying AFRM’s trailing twelve-month trading history, with the $60 strike highlighted in orange:

American Eagle Outfitters, Inc. (Symbol: AEO) also recorded substantial options trading, with 51,732 contracts traded today, representing approximately 5.2 million underlying shares. This figure constitutes about 87.7% of AEO’s average daily trading volume of 5.9 million shares over the past month. The $9 strike put option expiring June 27, 2025, was particularly active, with 18,615 contracts traded, amounting to about 1.9 million underlying shares. Below is a chart showing AEO’s trailing twelve-month trading history, with the $9 strike highlighted in orange:

Western Alliance Bancorporation (Symbol: WAL) noted options trading volume of 8,962 contracts, equivalent to approximately 896,200 underlying shares. This volume reflects around 84.1% of WAL’s average daily trading volume of 1.1 million shares over the last month. Noteworthy was the $75 strike call option expiring May 16, 2025, with 3,721 contracts traded, which represents approximately 372,100 underlying shares. Below is a chart showing WAL’s trailing twelve-month trading history, with the $75 strike highlighted in orange:

For additional details on the various available expirations for options on AFRM, AEO, or WAL, visit StockOptionsChannel.com.

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

Also see:

• PCAR RSI
• Targa Resources YTD Return
• ALB DMA

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