Options Trading Surge: Roku, United States Steel, and Modine Manufacturing Stand Out

Roku Inc. Sees Exceptional Trading Volume

Looking at options trading today within the Russell 3000 index, Roku Inc (Symbol: ROKU) is witnessing notable activity. So far, 35,530 contracts have been traded, equating to around 3.6 million underlying shares since each contract represents 100 shares. This volume is a striking 141.5% of ROKU’s average daily trading volume of 2.5 million shares over the past month. A particularly high interest exists in the $83 strike call option expiring on January 10, 2025, which saw 3,438 contracts traded, translating to approximately 343,800 underlying shares. The chart below illustrates ROKU’s trading history over the last twelve months, with the $83 strike highlighted in orange:

Impressive Volume for United States Steel Corp.

United States Steel Corp. (Symbol: X) is also experiencing significant options trading, with 106,542 contracts exchanged today. This represents approximately 10.7 million underlying shares, or 134.9% of X’s average daily trading volume of 7.9 million shares for the past month. Noteworthy activity was seen in the $40 strike call option expiring on March 21, 2025, as 22,782 contracts traded today, accounting for around 2.3 million underlying shares. Below is a chart displaying X’s trading history over the past year, with the $40 strike marked in orange:

Modine Manufacturing Co. Sees Increased Options Activity

Modine Manufacturing Co. (Symbol: MOD) reported options trading volume of 7,841 contracts today, which equals about 784,100 underlying shares—this is approximately 126.8% of MOD’s average daily trading volume of 618,440 shares over the last month. The $120 strike call option expiring on January 17, 2025, had a significant volume of 2,320 contracts traded, translating to roughly 232,000 underlying shares. Below is the chart showing MOD’s trading history from the past year, highlighting the $120 strike:

For a look at the different expirations available for ROKU, X, or MOD options, please visit StockOptionsChannel.com.

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