Significant Options Trading Volume in GameStop, Wolfspeed, and Applovin

Among the underlying components of the Russell 3000 index, notable options trading activity was observed today in GameStop Corp (Symbol: GME). A total of 400,959 contracts have changed hands, reflecting approximately 40.1 million underlying shares. This volume represents about 352.7% of GME’s average daily trading volume of 11.4 million shares over the past month. The $23 strike call option expiring on March 28, 2025, particularly attracted attention with 22,264 contracts traded, equating to around 2.2 million underlying shares of GME. Below is a chart illustrating GME’s trading history over the past twelve months, with the $23 strike highlighted in orange:

In a similar vein, Wolfspeed Inc (Symbol: WOLF) reported options trading volume of 297,594 contracts today. This corresponds to approximately 29.8 million underlying shares, amounting to 140.5% of WOLF’s average daily trading volume of 21.2 million shares over the past month. A significant 29,063 contracts were traded for the $3 strike put option expiring on April 4, 2025, representing around 2.9 million underlying shares of WOLF. Below is a chart depicting WOLF’s trading history from the past twelve months, with the $3 strike highlighted in orange:

Applovin Corp (Symbol: APP) witnessed options trading volume of 150,426 contracts, which accounts for approximately 15.0 million underlying shares. This volume translates to around 139.6% of APP’s average daily trading volume of 10.8 million shares over the past month. The $290 strike call option, set to expire on March 28, 2025, saw a high volume of 10,179 contracts traded, relating to approximately 1.0 million underlying shares of APP. Below is a chart showing APP’s trading history from the past twelve months, with the $290 strike highlighted in orange:

For various available expirations for GME, WOLF, or APP options, visit StockOptionsChannel.com.

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