Today, options trading activity in the Russell 3000 index highlights significant movements in three companies. Alphabet Inc. (GOOG) reported a total trading volume of 305,569 contracts, equivalent to approximately 30.6 million underlying shares, which is 127.1% of its average monthly trading volume of 24.0 million shares. A prominent option was the $207.50 strike call expiring on August 15, 2025, with 45,510 contracts traded, representing around 4.6 million shares.
Enphase Energy Inc. (ENPH) saw trading volume of 113,683 contracts, translating to about 11.4 million underlying shares, or 121.4% of its average monthly volume of 9.4 million shares. The $40 strike call option expiring on September 19, 2025, had 4,415 contracts traded, representing approximately 441,500 shares.
Snowflake Inc. (SNOW) registered an options trading volume of 42,475 contracts, approximately 4.2 million underlying shares, which is 105.9% of its average monthly volume of 4.0 million shares. The $200 strike call option expiring on August 15, 2025, had 4,737 contracts traded, equating to about 473,700 shares.
