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Friday’s Top Option Activity: RCL, IRON, CHK Friday’s Top Option Activity in the Stock Market

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Exciting option activity unfolded today among the constituents of the Russell 3000 index. Notably, Royal Caribbean Group (Symbol: RCL) experienced a standout performance with a trading volume of 17,968 contracts. This high volume represents around 1.8 million underlying shares, comprising 57.7% of RCL’s average daily trading volume over the past month, which stood at 3.1 million shares. Of particular interest was the $117 strike call option expiring on February 16, 2024, with 2,656 contracts traded, equating to approximately 265,600 underlying RCL shares. Visualize this vigorous trading through the chart below showcasing RCL’s twelve-month trading history, with the $117 strike highlighted in a vibrant orange hue.

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Simultaneously, Disc Medicine Inc (Symbol: IRON) also attracted attention with an options trading volume of 1,170 contracts, representing approximately 117,000 underlying shares, or about 57.6% of IRON’s average daily trading volume over the past month. The $65 strike put option expiring on June 21, 2024, saw particularly high volume with 1,118 contracts traded, symbolizing roughly 111,800 underlying shares of IRON. Witness the ebullient trading action through the chart below depicting IRON’s trailing twelve-month trading history, with the $65 strike illuminated in striking orange.

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Moreover, Chesapeake Energy Corp. (Symbol: CHK) exhibited a robust options volume today, amounting to 10,919 contracts so far. This figure represents approximately 1.1 million underlying shares, equivalent to a significant 57.1% of CHK’s average daily trading volume over the past month, standing at 1.9 million shares. On closer examination, the $70 strike put option expiring on February 16, 2024, stood out, with 4,626 contracts traded, symbolizing about 462,600 underlying shares of CHK. Peruse the evocative chart below illustrating CHK’s trailing twelve-month trading history, with the $70 strike shining conspicuously in bold orange.

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For a comprehensive overview of the various available expirations for RCL options, IRON options, or CHK options, we recommend visiting StockOptionsChannel.com.


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

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