Surge in Options Trading: A Deep Dive into Recent Market Activity
Among the constituents of the Russell 3000 index, significant options trading activity has been noted today. One standout is e.l.f. Beauty Inc (Symbol: ELF), with 13,279 contracts traded, equivalent to about 1.3 million underlying shares. This trading volume represents roughly 46.5% of ELF’s average daily trading volume over the past month of 2.9 million shares. The $140 strike call option expiring December 20, 2024, attracted particular interest with 1,053 contracts trading today, reflecting around 105,300 underlying shares of ELF. Below is a chart detailing ELF’s trading activity over the past twelve months, highlighting the $140 strike in orange:
XPO Inc (Symbol: XPO) also experienced a notable increase in options activity, with 7,654 contracts traded, translating to about 765,400 underlying shares. This number accounts for approximately 45.3% of XPO’s average daily trading volume of 1.7 million shares this past month. The $130 strike put option, expiring December 20, 2024, saw particular volume, with 1,512 contracts trading today, corresponding to roughly 151,200 underlying shares of XPO. Below is a chart illustrating XPO’s trading history, with the $130 strike marked in orange:
Similarly, Uber Technologies Inc (Symbol: UBER) saw a remarkable uptick in options activity, reporting 85,845 contracts traded, which equates to approximately 8.6 million underlying shares. This represents about 45.1% of UBER’s average daily trading volume of 19.0 million shares over the last month. The $75 strike call option expiring November 29, 2024, was particularly active, with 6,259 contracts trading today, covering approximately 625,900 underlying shares of UBER. Below is the chart depicting UBER’s trading pattern over the previous twelve months, with the $75 strike highlighted in orange:
For additional information on different expiration options for ELF, XPO, or UBER, visit StockOptionsChannel.com.
Check out Today’s Most Active Call & Put Options of the S&P 500 »
Related Information:
- Institutional Holders of OARK
- PET YTD Return
- AOK Average Annual Return
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