Thursday’s Unusual Options Action in Focus: A Closer Look at LSTR, RC, ENPH

Analyzing Landstar System, Inc. (LSTR)

LSTR, a significant component of the Russell 3000 index, witnessed remarkable options activity today. Approximately 6,125 contracts traded, equivalent to 612,500 underlying shares. This volume represents 227% of LSTR’s average daily trading volume over the past month. Of note was the heightened interest in the $190 strike call option expiring on April 19, 2024, with 2,002 contracts changing hands, reflecting about 200,200 shares of LSTR. The movement can be visualized in the chart below:

Reviewing Ready Capital Corp (RC)

Ready Capital Corp (RC) also experienced a surge in options trading today. With 27,380 contracts traded, approximately 2.7 million underlying shares were involved, accounting for around 179.1% of RC’s average daily trading volume over the past month. Notably, the $7.50 strike put option expiring on April 19, 2024, saw substantial activity, with 22,290 contracts traded, representing about 2.2 million shares of RC. The trend can be observed in the chart provided:

Insight into Enphase Energy Inc. (ENPH)

Enphase Energy Inc. (ENPH) emerged as another focal point for options trading today. A total of 52,243 contracts were traded, signifying around 5.2 million underlying shares or 154.2% of ENPH’s average daily trading volume over the past month. Noteworthy activity surrounded the $119 strike put option maturing on March 28, 2024, with 3,191 contracts traded, representing approximately 319,100 shares of ENPH. Delve into ENPH’s trading history below, emphasizing the $119 strike:

For additional details on various expiration options available for LSTR, RC, and ENPH, interested parties can explore StockOptionsChannel.com.

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

Further References:

• Funds Holding KSPN
• ROOT market cap history
• Funds Holding JOBY

The opinions expressed are those of the author and not necessarily representative of Nasdaq, Inc.