Significant Tuesday Options Trading: STX, MRVL, WDC

Seagate Technology Holdings PLC (Symbol: STX) recorded significant options trading volume on the S&P 500 today, with a total of 23,403 contracts traded, corresponding to approximately 2.3 million underlying shares. This represents about 48.2% of STX’s average daily trading volume of 4.9 million shares over the past month. Notably, the $920 strike call option expiring July 31, 2026, accounted for 1,057 contracts, equating to around 105,700 underlying shares.

Marvell Technology Inc (Symbol: MRVL) also experienced a high volume of options trading today, with 124,611 contracts traded, representing around 12.5 million underlying shares, or roughly 47.5% of its average daily trading volume of 26.3 million shares for the past month. The $240 strike call option, expiring August 14, 2026, saw 6,053 contracts traded, indicating approximately 605,300 underlying shares.

Western Digital Corp (Symbol: WDC) reported options trading of 32,467 contracts today, equivalent to about 3.2 million underlying shares, approximately 44.2% of its average daily trading volume of 7.3 million shares over the last month. The $490 strike put option expiring July 31, 2026, led the trading with 2,121 contracts, translating to around 212,100 underlying shares.