Significant Friday Options Trading Trends: UPST, CHWY, NVDA

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Today, notable trading activity was observed among components of the Russell 3000 index. Upstart Holdings Inc (Symbol: UPST) saw a volume of 197,809 contracts traded, equivalent to approximately 19.8 million shares, representing 261.4% of its average daily volume of 7.6 million shares. The $72 strike call option expiring August 29, 2025, accounted for 27,342 of these contracts, encompassing roughly 2.7 million underlying shares.

Chewy Inc (Symbol: CHWY) experienced a trading volume of 134,939 contracts, which translates to about 13.5 million shares—212.1% of its average daily volume of 6.4 million shares. The $44 strike call option expiring September 12, 2025, had 18,030 contracts traded, representing approximately 1.8 million underlying shares.

NVIDIA Corp (Symbol: NVDA) recorded an impressive volume of 3.1 million contracts, roughly 306.6 million underlying shares, or 194.3% of its average daily volume of 157.8 million shares. The $177.50 strike call option expiring August 22, 2025, had 308,292 contracts traded, covering approximately 30.8 million underlying shares.

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