Significant Options Trading Activity Noted in Applovin, Gannett, and Nextracker

High Volume Observed in Top Companies

In today’s trading, Applovin Corp (Symbol: APP) recorded notable options trading volume, reaching a total of 50,749 contracts. This figure corresponds to around 5.1 million underlying shares, accounting for approximately 65.7% of APP’s average daily trading volume of 7.7 million shares over the past month. A standout was the $315 strike put option, set to expire on December 20, 2024, with 1,743 contracts traded today, which translates to about 174,300 underlying shares of APP. Below is a chart depicting APP’s trading history over the past twelve months, with the $315 strike highlighted in orange:

Strong Activity in Gannett’s Options Market

Gannett Co Inc (Symbol: GCI) experienced options trading volume of 4,866 contracts, representing approximately 486,600 underlying shares, or about 62.3% of GCI’s average daily trading volume, which is 780,900 shares. A significant volume was noted for the $6 strike call option, with 4,851 contracts traded this morning, contributing to roughly 485,100 underlying shares of GCI. Below is a chart showcasing GCI’s past twelve months of trading, highlighting the $6 strike in orange:

Nextracker Sees Increased Options Activity

Nextracker Inc (Symbol: NXT) also had a busy day, with options trading volume hitting 12,389 contracts. This equates to about 1.2 million underlying shares, which is approximately 60.6% of NXT’s average daily trading volume of 2.0 million shares in the last month. Particularly high activity was recorded for the $50 strike call option expiring on May 16, 2025. Today alone, 3,076 contracts have been traded, representing approximately 307,600 underlying shares of NXT. Below is the chart reflecting NXT’s trading history for the past twelve months, with the $50 strike highlighted in orange:

For option expiration details regarding APP, GCI, or NXT options, please visit StockOptionsChannel.com.

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