Surge in Options Trading Activity for Comerica, Eli Lilly, and QuantumScape

Looking at options trading among components of the Russell 3000 index reveals significant activity today, particularly for Comerica, Inc. (Symbol: CMA). So far, a total of 22,616 contracts have been traded, translating to around 2.3 million underlying shares, since each contract represents 100 shares. This volume accounts for 142.7% of CMA’s average daily trading volume over the past month, which stands at 1.6 million shares. Notably, the $75 strike call option expiring on September 19, 2025, has seen substantial interest, with 10,012 contracts trading today—equivalent to about 1.0 million underlying shares. The chart below illustrates CMA’s trailing twelve-month trading history, highlighting the $75 strike in orange:

Another company experiencing heightened activity is Eli Lilly (Symbol: LLY), where options trading has reached 73,629 contracts so far today. This volume represents roughly 7.4 million underlying shares, or 140.7% of LLY’s average daily trading volume for the past month, which is 5.2 million shares. The $850 strike call option, expiring June 20, 2025, stands out, with 5,837 contracts traded today equivalent to approximately 583,700 underlying shares. Below is the chart showing LLY’s twelve-month trading history, with the $850 strike highlighted:

QuantumScape Corp (Symbol: QS) is also seeing significant options trading, with a total of 126,817 contracts exchanged today. This number represents about 12.7 million underlying shares, or 136.9% of QS’s average daily trading volume of 9.3 million shares over the past month. Particularly high activity has been recorded for the $4.50 strike call option set to expire on May 23, 2025, with 32,854 contracts traded today, representing approximately 3.3 million underlying shares. The chart below depicts QS’s trailing twelve-month trading history, highlighting the $4.50 strike:

For more information on various expirations for CMA, LLY, or QS options, visit StockOptionsChannel.com.

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Additional Insights:

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• ISDX Shares Outstanding History
• SEDA Market Cap History

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