Heavy options trading activity was observed in several key companies comprising the Russell 3000 index on Thursday. Innodata Inc (INOD) saw a substantial total of 4,211 contracts traded, equivalent to around 421,100 underlying shares, marking an impressive 81.8% of INOD’s average daily trading volume over the past month. Notably, the $11 strike put option expiring on February 16, 2024, attracted significant attention, with 1,444 contracts traded, representing roughly 144,400 underlying shares of INOD.
Meanwhile, options trading for QuantumScape Corp (QS) also stood out, with a trade volume of 56,654 contracts, equivalent to approximately 5.7 million underlying shares. This accounted for a substantial 78.2% of QS’s average daily trading volume over the past month. Of particular interest was the considerable activity around the $7.50 strike call option expiring on February 16, 2024, with 4,183 contracts traded, representing about 418,300 underlying shares of QS.
Another notable presence was in PNC Financial Services Group (PNC), which experienced options trading volume of 16,696 contracts, translating to approximately 1.7 million underlying shares, or roughly 77.3% of PNC’s average daily trading volume over the past month. Notably, the $130 strike put option expiring on April 19, 2024, witnessed intensive activity, with 6,493 contracts traded, equivalent to approximately 649,300 underlying shares of PNC.
For a comprehensive view of the different expirations available for INOD, QS, or PNC options, interested parties can visit StockOptionsChannel.com.
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