John Wiley, GameStop, and Carvana See Surge in Options Activity
In a notable trading session within the Russell 3000 index, John Wiley & Sons Inc. (Symbol: WLY) has caught attention today. A total volume of 31,141 contracts has been traded, equating to around 3.1 million underlying shares, as each contract represents 100 shares. This volume represents an impressive 1006.3% of WLY’s average daily trading volume over the past month, which stands at 309,465 shares. A significant portion of this activity involves the $45 strike put option expiring June 20, 2025, where 10,388 contracts have traded, translating to approximately 1.0 million underlying shares. Below is a chart illustrating WLY’s trading history from the past twelve months, with the $45 strike highlighted in orange:
Meanwhile, GameStop Corp (Symbol: GME) is experiencing substantial options activity today as well, with a volume of 305,266 contracts traded so far. This volume amounts to about 30.5 million underlying shares, representing 414.6% of GME’s average daily trading volume of 7.4 million shares over the last month. The $27.50 strike call option expiring May 09, 2025, is especially notable, with 23,334 contracts exchanging hands, equivalent to approximately 2.3 million underlying shares. A chart of GME’s trailing twelve-month trading history, highlighting the $27.50 strike, is shown below:
Additionally, Carvana Co (Symbol: CVNA) has reported an options volume of 107,921 contracts today. This figure corresponds to around 10.8 million underlying shares and represents 279.6% of CVNA’s average daily trading volume of 3.9 million shares over the past month. High activity is recorded for the $270 strike put option expiring May 09, 2025, with 10,503 contracts traded, accounting for approximately 1.1 million underlying shares. Below is the chart of CVNA’s twelve-month trading history, featuring the $270 strike in orange:
For detailed information on various expiration dates for options on WLY, GME, or CVNA, investors can explore additional resources.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
