Unusual Options Activity Observed Among Russell 3000 Components
Today, notable options trading activity has been recorded for several companies within the Russell 3000 index. Biohaven Ltd (Symbol: BHVN) has seen a total volume of 12,755 contracts traded, equating to approximately 1.3 million underlying shares, as each contract represents 100 shares. This volume accounts for 50.4% of BHVN’s average daily trading volume over the past month, which stands at 2.5 million shares. Particularly, the $17.50 strike call option set to expire on December 19, 2025, exhibited especially high activity with 4,008 contracts traded, reflecting roughly 400,800 underlying shares. Below is a chart showcasing BHVN’s trailing twelve-month trading history, highlighting the $17.50 strike in orange:
ThredUp Inc (Symbol: TDUP) is also experiencing significant options activity, with a trading volume of 18,207 contracts so far today. This translates to around 1.8 million underlying shares, representing 50.4% of TDUP’s average daily trading volume of 3.6 million shares over the past month. The $7.50 strike call option expiring on June 20, 2025, has particularly stood out, with 8,826 contracts traded, indicating approximately 882,600 underlying shares. Below is a chart displaying TDUP’s trailing twelve-month trading history, with the $7.50 strike highlighted in orange:
Furthermore, Paychex Inc (Symbol: PAYX) recorded options trading volume of 9,163 contracts, which equates to about 916,300 underlying shares, making up approximately 50.1% of PAYX’s average daily trading volume of 1.8 million shares over the past month. The $155 strike call option expiring on June 20, 2025, generated notable interest, with 2,527 contracts traded, representing around 252,700 underlying shares. Below is a chart depicting PAYX’s twelve-month trading history with the $155 strike highlighted in orange:
For information related to various options expirations for BHVN, TDUP, or PAYX, please refer to StockOptionsChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
