Surge in Options Trading: Chevron, Live Nation, and Affirm See Significant Activity
Chevron Corporation (CVX) Options Show High Volume
Today, Chevron Corporation (Symbol: CVX) experienced notable options trading activity. A total of 38,432 contracts have changed hands, which translates to around 3.8 million underlying shares, as one contract corresponds to 100 shares. This activity accounts for 55% of CVX’s average daily trading volume of 7.0 million shares over the past month. The most active option was the $155 strike put option, set to expire on February 28, 2025, with 6,565 contracts traded today, representing roughly 656,500 shares of CVX. Below is a chart tracking CVX’s trading history over the past year, with the $155 strike highlighted in orange:
Live Nation Entertainment (LYV) Records Impressive Options Activity
Live Nation Entertainment Inc (Symbol: LYV) also saw considerable options trading, with 11,178 contracts traded, which corresponds to about 1.1 million underlying shares. This volume represents approximately 54.3% of LYV’s average daily trading volume of 2.1 million shares over the last month. The $140 strike put option, expiring on March 21, 2025, saw particularly high volume as well, with 1,897 contracts traded, equating to around 189,700 shares. Below is a chart showing LYV’s trading data for the past year, highlighting the $140 strike:
Affirm Holdings (AFRM) Sees Elevated Options Activity
Also noteworthy is Affirm Holdings Inc (Symbol: AFRM), which reported options trading volume of 40,458 contracts today, translating to approximately 4.0 million underlying shares. This amount represents around 52.7% of AFRM’s average daily volume of 7.7 million shares over the past month. The $69 strike put option, set to expire on February 28, 2025, saw high activity as well, with 2,987 contracts traded today, or about 298,700 shares. The chart below illustrates AFRM’s trading history over the past year, with the $69 strike highlighted:
For further options data regarding CVX, LYV, or AFRM, please visit StockOptionsChannel.com.
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