Market Overview: Notable Options Activity in ONTO, RGTI, and DELL
Today, significant options trading was reported among the underlying components of the Russell 3000 index. Notably, Onto Innovation Inc (Symbol: ONTO) experienced a trading volume of 4,315 contracts, which equates to approximately 431,500 underlying shares. This figure represents about 46.2% of ONTO’s average daily trading volume of 933,405 shares over the last month. Observably, the $95 strike call option set to expire on May 16, 2025, attracted considerable attention, with 481 contracts traded, translating to roughly 48,100 underlying shares of ONTO. The chart below illustrates ONTO’s trailing twelve-month trading history, highlighting the $95 strike in orange:
Similarly, Rigetti Computing Inc (Symbol: RGTI) reported options trading volume of 125,243 contracts, representing approximately 12.5 million underlying shares. This accounts for around 45.9% of RGTI’s average daily trading volume, which stands at 27.3 million shares over the past month. Notably, the $10.50 strike call option expiring on May 09, 2025, saw 14,552 contracts traded today, representing about 1.5 million underlying shares of RGTI. The chart below depicts RGTI’s trailing twelve-month trading history, with the $10.50 strike marked in orange:
Dell Technologies Inc (Symbol: DELL) experienced options trading volume of 29,008 contracts, corresponding to approximately 2.9 million underlying shares. This is about 44.7% of DELL’s average daily trading volume of 6.5 million shares over the last month. A higher-than-usual volume was noted for the $90 strike put option expiring on June 20, 2025, with 3,199 contracts trading today, representing roughly 319,900 underlying shares of DELL. Below is a chart showing DELL’s trailing twelve-month trading history, with the $90 strike highlighted in orange:
For various expirations available for ONTO, RGTI, or DELL options, visit StockOptionsChannel.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
