Today, the Russell 3000 index revealed compelling movements in options trading for Atmus Filtration Technologies Inc (ATMU), Lyft Inc (LYFT), and Pilgrims Pride Corp. (PPC). The surge in volume requires attention, representing significant underlying shares and potential activity in the options market. This surge today outshines the average daily volume over the last month, warranting a closer look as investors navigate these turbulent times.
Exploring ATMU’s Option Activity
Atmus Filtration Technologies Inc (ATMU) showed a substantial increase in options trading volume today, with 29,155 contracts traded so far. This represents about 2.9 million underlying shares, translating to about 629.7% of ATMU’s average daily trading volume over the past month. Notably, the $25 strike call option expiring March 15, 2024, saw 8,831 contracts traded, involving approximately 883,100 underlying shares. The surge in activity is clearly evident, as illustrated by the chart showing ATMU’s trading history with the $25 strike highlighted in orange.
Insights into LYFT’s Option Activity
Lyft Inc (LYFT) witnessed an impressive options trading volume of 448,572 contracts, representing around 44.9 million underlying shares or approximately 351% of LYFT’s average daily trading volume over the past month, which stood at 12.8 million shares. A remarkable surge was observed for the $20 strike call option expiring February 16, 2024, with 33,851 contracts traded, accounting for roughly 3.4 million underlying shares of LYFT. The chart demonstrating LYFT’s trading history underscores the prominence of the $20 strike highlighted in orange.
Analyzing PPC’s Option Activity
Not to be left behind, Pilgrims Pride Corp. (PPC) also experienced a surge in options trading volume, with 17,385 contracts traded, representing approximately 1.7 million underlying shares. This reflects around 326.1% of PPC’s average daily trading volume over the past month, which stood at 533,060 shares. The $29 strike call option expiring March 15, 2024, saw an especially high volume of 8,138 contracts traded, representing roughly 813,800 underlying shares of PPC. The chart highlighting PPC’s trading history brings attention to the $29 strike, depicted in orange.
StockOptionsChannel.com offers a detailed overview of the varying expirations for ATMU, LYFT, and PPC options, catering to the versatile needs of investors.
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