Unprecedented Options Activity in FedEx, Rivian, and Blade Air Mobility

Highlights from Today’s Trading Session

Analyzing options trading for companies in the Russell 3000 index reveals significant activity today, particularly in FedEx Corp (Symbol: FDX). A total of 11,590 contracts have been traded, corresponding to about 1.2 million underlying shares. This figure accounts for 80.1% of FDX’s average daily trading volume of 1.4 million shares over the past month. Notably, the $290 strike put option set to expire on December 13, 2024, has drawn considerable attention, with a volume of 1,275 contracts, representing around 127,500 underlying shares of FDX. Below is a chart illustrating FDX’s trading activity over the past twelve months, with the $290 strike highlighted in orange:

Rivian Automotive Inc (Symbol: RIVN) has also experienced heightened options trading, with a volume of 345,142 contracts today. This translates to approximately 34.5 million underlying shares, or about 78.5% of RIVN’s average daily trading volume of 44.0 million shares. The $12 strike call option expiring on November 29, 2024, has particularly high activity, with 44,697 contracts traded, representing approximately 4.5 million underlying shares of RIVN. The chart below displays RIVN’s trading history for the past twelve months, highlighting the $12 strike in orange:

Meanwhile, Blade Air Mobility Inc (Symbol: BLDE) is witnessing a strong performance in options trading, with 5,311 contracts traded today, representing about 531,100 underlying shares. This amounts to a notable 76.8% of BLDE’s average daily trading volume of 691,280 shares over the past month. The $5 strike call option with an expiration date of December 20, 2024, shows significant volume as well, with 2,431 contracts traded, translating to approximately 243,100 underlying shares of BLDE. The following chart reflects BLDE’s trading history over the past twelve months, with the $5 strike option highlighted in orange:

For details on the different expiration dates for options related to FDX, RIVN, or BLDE, visit StockOptionsChannel.com.

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

Additional Resources:

• VHS Historical Stock Prices
• TGLS Stock Predictions
• Funds Holding SPDR

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