On October 9, 2023, notable options trading activity was observed in the Russell 3000 index, particularly for Alphabet Inc. (GOOG), Delta Air Lines Inc. (DAL), and Semtech Corp. (SMTC). GOOG saw a trading volume of 126,281 contracts, representing approximately 12.6 million underlying shares, equivalent to 63.5% of its average daily trading volume over the past month, which is 19.9 million shares. The most significant activity was for the $320 strike put option expiring March 20, 2026, with 9,039 contracts traded.
DAL followed with a volume of 78,873 contracts, equating to about 7.9 million underlying shares, or 63% of its average daily volume of 12.5 million. The high volume was driven by the $62 strike call option, with 6,958 contracts traded. Semtech Corp. recorded a trading volume of 8,200 contracts, approximately 820,000 underlying shares, representing 61.2% of its average daily volume of 1.3 million. The peak volume for SMTC was in the $100 strike call option, with 2,249 contracts traded.
Overall, the options activity highlights a significant interest in these companies, reflecting investor sentiment and strategic positioning ahead of upcoming expiration dates.
