Strong Options Trading Activity in Immunovant, Albemarle, and GigaCloud

Options trading surged today among three notable companies in the Russell 3000 index, highlighting significant investor interest.

Immunovant Inc. (Symbol: IMVT) Sees Major Options Volume

In a busy day for options trading, Immunovant Inc (Symbol: IMVT) recorded a volume of 4,665 contracts traded. This figure translates to approximately 466,500 underlying shares, equating to 55.2% of IMVT’s 30-day average daily trading volume of 845,865 shares. An important highlight was the $32 strike call option expiring on November 15, 2024, which saw 1,213 contracts trade today, representing about 121,300 underlying shares. Below is a chart depicting IMVT’s trading history over the past year, with the $32 strike highlighted in orange:

Albemarle Corp. (Symbol: ALB) Records Significant Activity

Albemarle Corp. (Symbol: ALB) experienced notable options trading, with a total of 14,403 contracts exchanged today. This amount corresponds to roughly 1.4 million underlying shares, which is approximately 52% of ALB’s average daily trading volume of 2.8 million shares over the last month. The $80 strike put option expiring on March 21, 2025, was particularly active, with 5,004 contracts traded, equating to about 500,400 underlying shares. Below is a chart illustrating ALB’s options trading history for the past twelve months, with the $80 strike emphasized:

GigaCloud Technology Inc. (Symbol: GCT) Shows Increased Options Volume

GigaCloud Technology Inc. (Symbol: GCT) saw a robust options volume today with 10,332 contracts traded. This translates to about 1.0 million underlying shares, reflecting 50.7% of GCT’s average daily trading volume of 2.0 million shares. The $30 strike call option, expiring on October 18, 2024, attracted significant attention with 6,389 contracts traded, which represents approximately 638,900 underlying shares. Below is a chart showing the trading history for GCT over the last twelve months, with the $30 strike highlighted in orange:

For additional information on the various available expirations for options in IMVT, ALB, or GCT, visit StockOptionsChannel.com.

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

Also see:

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• ETFs Holding LILA
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.