Surge in Options Trading Activity for FormFactor, Gogo, and NVIDIA

Today, notable options trading has been observed among several companies in the Russell 3000 index, specifically FormFactor Inc, Gogo Inc, and NVIDIA Corp. Each company has seen substantial increases in contract volumes compared to their recent averages.

FormFactor Inc (Symbol: FORM) Sees High Activity

In the case of FormFactor Inc, 10,087 contracts have been traded so far today. This represents around 1.0 million underlying shares, which is an impressive 167.2% of FORM’s average daily trading volume of 603,150 shares from the past month. A particularly busy option is the $50 strike call option that expires on January 17, 2025, with 3,837 contracts trading today, equivalent to about 383,700 underlying shares. The chart below illustrates FORM’s trading history over the last twelve months, highlighting the $50 strike in orange:

Gogo Inc (Symbol: GOGO) Surges in Options Volume

Gogo Inc follows closely, with trading volume hitting 18,663 contracts today, translating to around 1.9 million underlying shares. This is approximately 165% of GOGO’s average daily volume of 1.1 million shares over the last month. The $9 strike call option expiring May 16, 2025, stands out with 9,322 contracts traded, representing about 932,200 underlying shares. The chart below shows GOGO’s trading trends for the past year, with the $9 strike visually marked in orange:

NVIDIA Corp (Symbol: NVDA) Leads the Volume Chart

NVIDIA Corp has experienced remarkable trading activity, with 3.7 million contracts exchanged today. This amount represents around 368.8 million underlying shares, or 164.7% of NVDA’s average daily trading volume of 223.9 million shares over the past month. One significant option is the $135 strike call that expires on December 20, 2024, with 261,327 contracts traded, equating to approximately 26.1 million underlying shares. The chart below depicts NVDA’s trading history for the past year, with the $135 strike highlighted in orange:

For more information on options availability for FORM, GOGO, or NVDA, please visit StockOptionsChannel.com.

Check Out Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Alphabetical List of All Hedge Funds
• PMR Videos
• CW Next Dividend Date

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