Among the underlying components of the Russell 3000 index, significant options trading activity was observed on October 10, 2023. Lowe’s Companies Inc (Symbol: LOW) reported a total of 24,370 contracts traded, amounting to approximately 2.4 million underlying shares, which is 92.4% of its average daily trading volume of 2.6 million shares. Notably, the $252.50 strike call option expiring on April 17, 2026, saw 9,184 contracts traded, representing about 918,400 shares.
Similarly, Applovin Corp (Symbol: APP) experienced options trading volume of 34,847 contracts, or roughly 3.5 million underlying shares, which constitutes 79.4% of its average daily volume of 4.4 million shares. The $450 strike call option expiring on April 17, 2026, accounted for 2,053 contracts traded, translating to approximately 205,300 underlying shares.
The Charles Schwab Corporation (Symbol: SCHW) recorded the highest volume today, with 67,028 contracts traded, equivalent to around 6.7 million underlying shares, or 74.4% of its average daily volume of 9.0 million shares. The $93 strike put option expiring on April 17, 2026, saw 23,208 contracts, representing approximately 2.3 million underlying shares.
