Significant Options Trading Activity in The Trade Desk, American Electric Power, and Illumina

Today, the Russell 3000 index highlighted some interesting options trading activity, particularly in three companies: The Trade Desk Inc (Symbol: TTD), American Electric Power Co Inc (Symbol: AEP), and Illumina Inc (Symbol: ILMN). Each company is seeing substantial trading in their options, indicating investor interest and market sentiment.

Options Activity at The Trade Desk

In The Trade Desk Inc, a total of 16,942 contracts have changed hands, equating to around 1.7 million underlying shares. This figure represents approximately 45.8% of TTD’s average daily trading volume of 3.7 million shares over the past month. Notably, the $115 strike call option set to expire on February 07, 2025, saw particularly heavy trading, with 1,957 contracts traded today, representing about 195,700 underlying shares. Below is a chart illustrating TTD’s trading history over the last twelve months, with the $115 strike indicated in orange:

American Electric Power’s Impressive Volume

American Electric Power Co Inc also demonstrated strong options activity, with a volume of 15,728 contracts today. This volume corresponds to approximately 1.6 million underlying shares, representing 44.1% of AEP’s average daily trading volume of 3.6 million shares over the preceding month. The $95 strike call option, expiring on February 21, 2025, attracted the most attention, with 7,009 contracts trading today, indicative of about 700,900 underlying shares. Below is a chart reflecting AEP’s trading history, highlighting the $95 strike:

Illumina Sees Increased Interest

Finally, Illumina Inc recorded options trading volume of 8,415 contracts today, equal to approximately 841,500 underlying shares. This represents around 43.9% of ILMN’s average daily trading volume of 1.9 million shares over the past month. The $100 strike put option, expiring on February 21, 2025, was particularly popular, with 2,140 contracts traded, representing roughly 214,000 underlying shares. The chart below showcases ILMN’s trading history over the last twelve months, with the $100 strike marked in orange:

For further details on available expirations for options in TTD, AEP, or ILMN, visit StockOptionsChannel.com.

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