Active Options Trading Highlights in Russell 3000: Churchill Downs, CommVault, and Spotify

In today’s trading, a noticeable surge in options activity can be seen in several companies within the Russell 3000 index. Noteworthy among these are Churchill Downs, Inc. (Symbol: CHDN), CommVault Systems Inc (Symbol: CVLT), and Spotify Technology SA (Symbol: SPOT).

Churchill Downs Sees Significant Volume

Churchill Downs, Inc. is witnessing impressive options trading, with a total of 3,344 contracts exchanged today. This figure translates to around 334,400 underlying shares, accounting for 78.6% of CHDN’s average daily trading volume of 425,600 shares over the last month. The $140 strike call option that expires on November 15, 2024, is particularly noteworthy, with 1,692 contracts traded, equating to about 169,200 underlying shares. The following chart captures CHDN’s trading history from the past twelve months, highlighting the $140 strike in orange:

CommVault Sees Strong Activity in Options

CommVault Systems Inc also recorded robust options trading, with a total of 2,480 contracts exchanged, representing approximately 248,000 underlying shares. This figure is roughly 77.4% of CVLT’s average daily trading volume, which stands at 320,320 shares over the past month. The $150 strike call option, set to expire on November 15, 2024, showed considerable activity too, with 1,262 contracts traded, indicating around 126,200 underlying shares. Below is the chart illustrating CVLT’s twelve-month trading history, with the $150 strike emphasized in orange:

Spotify Exhibits Remarkable Trading Volume

Spotify Technology SA demonstrated the highest trading activity among the featured companies today, with options trading volume reaching 10,213 contracts. This equals approximately 1.0 million underlying shares and about 74.2% of SPOT’s average daily trading volume of 1.4 million shares. A particularly notable segment of this trade is the $372.50 strike put option expiring on November 1, 2024, with 1,247 contracts traded, correlating to roughly 124,700 underlying shares. Below is the chart that showcases SPOT’s trading history over the past year, highlighting the $372.50 strike in orange:

For more information about available options expirations for CHDN, CVLT, or SPOT, you can visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding NSR
• Funds Holding BRAZ
• Institutional Holders of OXLC

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