Options Trading Activity Highlights Among Major Russell 3000 Stocks

Upstart Holdings, Upwork, and CAVA Group See High Options Volume

In today’s trading, notable options volume emerged among the components of the Russell 3000 index. Upstart Holdings Inc (Symbol: UPST) recorded a significant 28,517 contracts traded, which translates to approximately 2.9 million underlying shares. This trading volume represents about 67.2% of UPST’s average daily volume of 4.2 million shares over the past month. A standout was the $69 strike call option expiring on January 24, 2025, which saw 1,779 contracts trade, equating to around 177,900 underlying shares. The chart below displays UPST’s trading history over the past twelve months, with the $69 strike marked in orange:

Upwork Inc (Symbol: UPWK) followed closely with an options trading volume of 11,766 contracts, corresponding to approximately 1.2 million underlying shares. This figure accounts for about 65.8% of UPWK’s average daily trading volume of 1.8 million shares in the last month. The $15 strike put option expiring on February 21, 2025, attracted particular interest, with 5,543 contracts traded, representing about 554,300 underlying shares. Below is a chart showing UPWK’s trading history over the last year, highlighting the $15 strike in orange:

Lastly, CAVA Group Inc (Symbol: CAVA) experienced options activity totaling 12,849 contracts today, equating to around 1.3 million underlying shares. This volume reflects 65% of CAVA’s average daily trading volume of 2 million shares over the past month. The most notable option was the $124 strike call expiring on January 24, 2025, which saw 901 contracts traded, representing approximately 90,100 underlying shares. The corresponding chart of CAVA’s yearly trading history is featured below, with the $124 strike emphasized in orange:

To explore the various expiration dates available for UPST, UPWK, or CAVA options, visit StockOptionsChannel.com.

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

Also see:

• Canadian Stocks Where Yields Got More Juicy
• Funds Holding MGC
• Institutional Holders of KSTR

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