Surge in Options Trading for Oracle, Qualcomm, and Alpha & Omega Semiconductor

Highlights from Today’s Activity in the Russell 3000 Index

Among the underlying components of the Russell 3000 index, Oracle Corp (Symbol: ORCL) experienced significant options trading today. A total of 41,570 contracts have been exchanged, which translates to about 4.2 million underlying shares. This figure represents approximately 70.3% of ORCL’s average daily trading volume over the past month, which stands at 5.9 million shares. Notably, the $180 strike call option expiring on November 15, 2024, generated especially high interest, with 4,885 contracts trading today, amounting to about 488,500 underlying shares of ORCL. Below is a chart illustrating ORCL’s trading history for the past twelve months, with the $180 strike highlighted in orange:

Qualcomm Sees Robust Call Option Activity

Qualcomm Inc (Symbol: QCOM) also saw considerable options trading volume, reaching 54,273 contracts. This volume represents around 5.4 million underlying shares, or roughly 64% of QCOM’s average daily trading volume of 8.5 million shares over the last month. The $170 strike call option, set to expire on December 20, 2024, was particularly active, with 2,881 contracts traded today, corresponding to about 288,100 underlying shares of QCOM. Here’s a chart displaying QCOM’s trailing twelve-month trading activity, with the $170 strike marked in orange:

Alpha & Omega Semiconductor Draws Attention

Alpha & Omega Semiconductor Ltd. (Symbol: AOSL) experienced options trading volume of 1,789 contracts, which equates to approximately 178,900 underlying shares, or about 63.1% of AOSL’s average daily trading volume over the past month, recorded at 283,460 shares. The $27.50 strike put option expiring on November 15, 2024, showed significant activity with 1,360 contracts traded today, representing around 136,000 underlying shares of AOSL. Below is a chart highlighting AOSL’s trading history for the past twelve months, featuring the $27.50 strike in orange:

For more information on available expirations for ORCL, QCOM, or AOSL options, please visit StockOptionsChannel.com.

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