HomeMarket NewsMidweek Market Insights: Spotlight on PODD, STNG, and ORCL Options Activity

Midweek Market Insights: Spotlight on PODD, STNG, and ORCL Options Activity

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Active Options Trading Highlights in Russell 3000 Index

Insight into Recent Activity for Key Companies

Looking into the options trading among the companies in the Russell 3000 index reveals significant movements today. Insulet Corp (Symbol: PODD) has seen a total volume of 2,530 contracts traded, which corresponds to approximately 253,000 underlying shares. This volume is about 49.1% of PODD’s average daily trading volume of 514,830 shares over the last month. Notably, the $120 strike put option expiring on December 20, 2024, had high activity with 1,350 contracts trading today, reflecting about 135,000 underlying shares of PODD. Below is a chart illustrating PODD’s trading history over the past twelve months, with the relevant $120 strike highlighted in orange:

Loading chart — 2024 TickerTech.com

Scorpio Tankers Inc (Symbol: STNG) options also show notable trading, with a total of 3,385 contracts exchanged today. This figure represents around 338,500 underlying shares and constitutes 48.8% of STNG’s average daily trading volume of 693,965 shares for the past month. Particularly active is the $67.50 strike call option, expiring November 15, 2024; today, 861 contracts have traded, which stands for approximately 86,100 underlying shares of STNG. The chart below reflects STNG’s trailing twelve-month trading history, once again highlighting the $67.50 strike in orange:

Loading chart — 2024 TickerTech.com

Meanwhile, Oracle Corp (Symbol: ORCL) options have garnered significant attention, with 37,558 contracts traded today. This volume equates to about 3.8 million underlying shares and makes up roughly 48.7% of ORCL’s average daily trading volume of 7.7 million shares for the past month. The $175 strike call option expiring on October 18, 2024, saw particularly high interest, with 6,984 contracts trading today, representing around 698,400 underlying shares of ORCL. The chart below details ORCL’s trading pattern over the last twelve months, with the $175 strike marked in orange:

Loading chart — 2024 TickerTech.com

For information on the various expirations available for options from PODD, STNG, or ORCL, please visit StockOptionsChannel.com.

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

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

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