Unusual Option Activity Peaks Investor Interest: Analysis of FIVE, SPR, CXW

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FIVE Option Activity Surges

Today, among the Russell 3000 index components, Five Below Inc (Symbol: FIVE) demonstrated remarkable options trading. A total of 3,489 contracts were exchanged, equivalent to about 348,900 underlying shares. This represents approximately 57.2% of FIVE’s average daily trading volume over the past month. Notably, the $270 strike call option expiring on April 19, 2024, stood out with 820 contracts traded, making up around 82,000 FIVE shares.

Glancing at FIVE’s trailing twelve-month trade history, the $270 strike is highlighted in an illuminating orange, emphasizing the current market interest in this particular option.

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SPR Option Volume Soars

Spirit AeroSystems Holdings Inc (Symbol: SPR) also witnessed an influx of options trading today. With 23,412 contracts changing hands, representing approximately 2.3 million underlying shares, this activity constituted about 52.5% of SPR’s average daily trading volume over the past month, amounting to 4.5 million shares.

The $40 strike call option expiring on March 28, 2024, saw exceptional activity, with 14,578 contracts traded, equivalent to around 1.5 million SPR shares. A glance at SPR’s past twelve months of trading reveals the $40 strike standing out prominently in orange, indicating heightened investor focus on this option.

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CXW Option Trading Peaks

CoreCivic Inc (Symbol: CXW) joined the fray with notable options trading activity. 5,244 contracts were exchanged, representing around 524,400 underlying shares or approximately 51.9% of CXW’s average daily trading volume over the past month, which stood at 1.0 million shares.

The $9 strike call option expiring on June 21, 2024, attracted significant interest, with 1,154 contracts traded, equivalent to approximately 115,400 underlying shares of CXW. Once again, the $9 strike shines in orange on CXW’s twelve-month trading history chart, indicating a surge in investor activity around this option.

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For more information on the various expiration dates for FIVE, SPR, and CXW options, investors can visit StockOptionsChannel.com.

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

Also of Interest:

• MSGE Insider Buying
• Institutional Holders of NK
• SKOR YTD Return

The author’s views expressed here do not necessarily reflect those of Nasdaq, Inc.

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