Increased Options Activity in American Airlines, Westrock Coffee, and Unity

Among the components of the Russell 3000 index, a notable surge in options trading is observed today, particularly for American Airlines Group Inc (Symbol: AAL). So far, 184,602 contracts have been traded, which translates to approximately 18.5 million underlying shares, calculated at 100 underlying shares per contract. This represents 42.2% of AAL’s average daily trading volume of 43.7 million shares over the past month.

Interestingly, the highest volume occurred with the $14 strike put option set to expire on March 21, 2025. A total of 45,914 contracts have traded today, corresponding to about 4.6 million underlying shares of AAL. Below is a chart showing AAL’s trailing twelve months of trading history, highlighting the $14 strike in orange:

In addition, Westrock Coffee Co (Symbol: WEST) has seen options trading activity reach 910 contracts today, amounting to approximately 91,000 underlying shares. This represents 42.1% of WEST’s average daily trading volume of 216,170 shares over the previous month. The $8 strike put option expiring on September 19, 2025, witnessed significant activity today, with 605 contracts traded, corresponding to roughly 60,500 underlying shares of WEST. Below is Westrock’s twelve-month trading history, with the relevant $8 strike highlighted in orange:

Unity Software Inc (Symbol: U) has also attracted attention in options trading, with 73,159 contracts exchanged today, equating to about 7.3 million underlying shares. This figure represents a substantial 42% of U’s average daily trading volume of 17.4 million shares over the past month. The $17 strike put option expiring on March 21, 2025, has seen impressive activity, with 7,672 contracts traded, representing approximately 767,200 underlying shares of Unity. The following chart illustrates Unity’s trading history for the past twelve months, with the $17 strike marked in orange:

For those interested in exploring options for AAL, WEST, or U, additional information can be found at StockOptionsChannel.com.

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