Twilio Inc (TWLO), Root Inc (ROOT), and Gates Industrial Corp PLC (GTES) showed significant options trading activity on October 17, 2023. Twilio saw a total of 13,583 contracts traded, equating to approximately 1.4 million underlying shares, which is 67.1% of its average daily trading volume of 2.0 million shares over the past month. Notably, the $115 strike call option expiring July 18, 2025, accounted for 5,053 contracts.
Root Inc’s options trading reached 2,321 contracts, representing about 232,100 underlying shares, or 56.3% of its average daily volume of 412,460 shares. The $165 strike call option, also expiring July 18, 2025, had high activity with 420 contracts traded. Meanwhile, Gates Industrial Corp traded 8,029 contracts, representing approximately 802,900 underlying shares, which is 55.9% of its monthly average of 1.4 million shares, with 3,018 contracts for the $22.50 strike call option.
