Surge in Options Trading for Key Russell 3000 Stocks

Today, notable trading activity has occurred among several components of the Russell 3000 index. A significant volume of options was observed in SpringWorks Therapeutics Inc (Symbol: SWTX), where 10,342 contracts have traded, equating to approximately 1.0 million underlying shares. This represents about 51.2% of SWTX’s average daily trading volume of 2.0 million shares for the past month. A particularly high interest was seen in the $60 strike call option expiring on April 17, 2025, with 2,002 contracts traded today, translating to around 200,200 underlying shares of SWTX.

Below is the chart reflecting SWTX’s trading history over the last twelve months, with the $60 strike highlighted in orange:

Moving on to International Business Machines Corp (Symbol: IBM), options today have reached a volume of 22,884 contracts, which corresponds to approximately 2.3 million underlying shares. This represents a remarkable 48.7% of IBM’s average daily trading volume of 4.7 million shares in the past month. Noteworthy trading was noted in the $252.50 strike call option expiring on April 04, 2025, as 2,509 contracts have already been traded, accounting for approximately 250,900 underlying shares of IBM.

The chart below illustrates IBM’s trailing twelve month trading history, with the $252.50 strike indicated in orange:

Finally, Zscaler Inc (Symbol: ZS) has recorded an options trading volume of 11,223 contracts today, which translates to about 1.1 million underlying shares. This amounts to approximately 46.5% of ZS’s average daily trading volume of 2.4 million shares over the past month. The $187.50 strike put option expiring on April 17, 2025, saw particularly significant volume with 2,091 contracts traded today, representing roughly 209,100 underlying shares of ZS.

Below is the relevant chart displaying ZS’s trading history for the past year, again highlighting the $187.50 strike in orange:

For information on the various available expirations for SWTX, IBM, or ZS options, visit StockOptionsChannel.com.

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