Stock Options Activity Highlights United States Steel, Cassava Sciences, and Salesforce

Today’s options trading on the Russell 3000 index reveals significant actions, particularly with United States Steel Corp. (Symbol: X). So far, there has been a total of 26,133 contracts traded, which translates to about 2.6 million underlying shares. This figure accounts for 50.6% of X’s average daily trading volume of 5.2 million shares over the past month. A notable spike in activity is seen in the $45 strike call option, expiring on November 15, 2024, with 5,028 contracts changing hands, representing roughly 502,800 underlying shares of X. The following chart illustrates X’s trailing twelve months trading history, highlighting the $45 strike in orange:

In addition, Cassava Sciences Inc (Symbol: SAVA) reported an options trading volume of 11,071 contracts today, equating to approximately 1.1 million underlying shares. This represents about 48.1% of SAVA’s average daily trading volume of 2.3 million shares for the past month. The $20 strike call option, expiring on November 15, 2024, has seen particularly high interest, with 1,319 contracts traded thus far, corresponding to approximately 131,900 underlying shares. Below is a chart displaying SAVA’s trailing twelve months trading history, with the $20 strike highlighted in orange:

Salesforce Inc (Symbol: CRM) also experienced robust options trading today, with a volume of 27,906 contracts, representing around 2.8 million underlying shares. This comes to about 46.1% of CRM’s average daily trading volume of 6.1 million shares over the last month. The $280 strike put option, expiring on October 25, 2024, attracted substantial interest, with 2,604 contracts traded, corresponding to approximately 260,400 underlying shares of CRM. The chart below reflects CRM’s trailing twelve months trading history, highlighting the $280 strike in orange:

For more details on the available expirations for options on X, SAVA, or CRM, please visit StockOptionsChannel.com.

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

Also see:

• SYF Options Chain
• SNA YTD Return
• Institutional Holders of PHLD

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