Investors today observed significant options trading activity impacting several prominent Russell 3000 index constituents. Notably, Boise Cascade Co. (BCC), Alcoa Corporation (AA), and Carvana Co (CVNA) garnered noteworthy attention and saw substantial options trading volume. These developments are indicative of heightened market activity and investor interest in these companies.
Boise Cascade Co (BCC)
Boise Cascade Co. (BCC) experienced a surge in options trading volume as evidenced by a total of 1,285 contracts traded, representing approximately 128,500 underlying shares. This level of activity equates to around 60.1% of BCC’s average daily trading volume over the past month. Notably, the $85 strike put option expiring on March 15, 2024, recorded high volume with 179 contracts traded, representing approximately 17,900 underlying shares of BCC.
Alcoa Corporation (AA)
Options trading for Alcoa Corporation (AA) surged, with a volume of 34,177 contracts traded, equivalent to approximately 3.4 million underlying shares. This substantial volume constituted 59.9% of AA’s average daily trading volume over the past month, which stood at 5.7 million shares. The $28 strike call option expiring on February 23, 2024, saw exceptional activity, with 4,308 contracts traded, representing approximately 430,800 underlying shares of AA.
Carvana Co (CVNA)
Carvana Co (CVNA) also experienced a surge in options trading volume, registering 34,670 contracts, which represented approximately 3.5 million underlying shares or roughly 56.8% of CVNA’s average daily trading volume over the past month. Notably, high volume was recorded for the $62 strike call option expiring on February 23, 2024, with 1,541 contracts traded, representing approximately 154,100 underlying shares of CVNA.
For detailed information on the various available expirations for BCC options, AA options, or CVNA options, investors can visit StockOptionsChannel.com.
For further insights, today’s most active call and put options of the S&P 500 can be reviewed. Additionally, market cap history, funds holding JETS, and KMR insider buying can be explored for a comprehensive understanding of market dynamics.
