Strong Activity in Options Trading: Best Buy, UiPath, and Envestnet Lead the Charge
Best Buy’s Options Volume Surges
Among the key players in the Russell 3000 index, Best Buy Inc (Symbol: BBY) has experienced notable options trading activity today, with a total of 15,066 contracts changing hands. This figure translates to roughly 1.5 million underlying shares. Impressively, this volume accounts for around 52.5% of BBY’s average daily trading volume, which stands at 2.9 million shares over the past month. Particularly noteworthy is the $86 strike put option expiring on December 20, 2024, with 3,732 contracts traded today, equivalent to about 373,200 underlying shares of BBY. The following chart illustrates BBY’s trading history over the past twelve months, highlighting the $86 strike in orange:
UiPath Gains Traction in Options Market
UiPath Inc (Symbol: PATH) also made headlines today with 37,706 contracts traded, which corresponds to approximately 3.8 million underlying shares. This trading volume constitutes a significant 52.3% of PATH’s average daily trading volume of 7.2 million shares over the previous month. Notable activity was seen for the $15 strike call option expiring on November 22, 2024, where 2,985 contracts have traded today, representing about 298,500 underlying shares of PATH. The chart below shows PATH’s trading history over the past twelve months, with the $15 strike highlighted in orange:
Envestnet Options Trading Activity
Envestnet Inc (Symbol: ENV) recorded an options trading volume of 5,133 contracts today, representing around 513,300 underlying shares. This volume accounts for approximately 52% of ENV’s average daily trading volume of 987,775 shares over the past month. A significant portion of this activity was for the $60 strike put option expiring on February 21, 2025, with 3,057 contracts traded so far today, amounting to approximately 305,700 underlying shares of ENV. Below is the chart showing ENV’s trading history over the last twelve months, with the $60 strike highlighted in orange:
For further details about the available expirations for options on BBY, PATH, or ENV, please visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- Funds Holding HJV
- Top Ten Hedge Funds Holding CHEA
- COM Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
