Surge in Options Trading for GameStop, Novavax, and Sunrun
Among the components of the Russell 3000 index, GameStop Corp (Symbol: GME) is notable today, recording significant options trading volume. Up to this point, 124,745 contracts have changed hands, representing around 12.5 million underlying shares. This figure equates to roughly 166.8% of GME’s average daily trading volume of 7.5 million shares over the past month. Particularly high activity was noted for the $30 strike call option expiring on May 23, 2025, with 9,306 contracts traded today, representing about 930,600 underlying shares. A chart depicting GME’s trailing twelve-month trading history, with the $30 strike highlighted in orange, is shown below:
In another development, Novavax, Inc. (Symbol: NVAX) is experiencing robust options activity, with 141,760 contracts traded thus far. This volume represents approximately 14.2 million underlying shares, translating to 151.8% of NVAX’s average daily trading volume of 9.3 million shares over the last month. The $9 strike call option expiring on May 23, 2025, drew particular interest, with 13,277 contracts exchanged today, equivalent to about 1.3 million underlying shares. Below is a chart depicting NVAX’s trading history over the past twelve months, with the $9 strike highlighted.
Additionally, Sunrun Inc (Symbol: RUN) has seen impressive options trading volume, registering 201,125 contracts traded, which corresponds to roughly 20.1 million underlying shares. This figure accounts for approximately 131.9% of RUN’s average daily trading volume of 15.2 million shares over the previous month. The $11 strike call option expiring on June 20, 2025, generated significant activity with 87,050 contracts traded today, equating to around 8.7 million underlying shares. A chart illustrating RUN’s trailing twelve-month trading history, with the $11 strike highlighted in orange, is presented below:
For the complete list of options expirations available for GME, NVAX, or RUN, visit StockOptionsChannel.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
