Options Trading Surge: Notable Activity in Akero Therapeutics, C3.ai, and 89bio

Investors are buzzing today with significant options trading activity in the Russell 3000 index. Here’s a closer look at three companies where trading volumes have spiked dramatically.

Akero Therapeutics Sees High Volume in Options Trading

In Akero Therapeutics Inc (Symbol: AKRO), a total of 7,363 contracts have been traded so far today. This volume is equivalent to about 736,300 underlying shares, which is 87.6% of AKRO’s average daily trading volume of 840,595 shares over the past month. The $40 strike put option expiring on March 21, 2025, has attracted particular interest, with 1,103 contracts traded today, representing approximately 110,300 shares of AKRO. Below is a chart illustrating AKRO’s trading history over the past twelve months, with the $40 strike marked in orange:

C3.ai Experiences Robust Options Activity

C3.ai Inc (Symbol: AI) is also showing strong options trading with 41,059 contracts exchanged. This translates to around 4.1 million underlying shares, approximately 86.5% of AI’s average daily trading volume of 4.7 million shares for the past month. The $37 strike call option expiring on January 31, 2025, has seen high volume, with 3,006 contracts traded today, corresponding to about 300,600 shares of AI. Below is a chart showing AI’s trading history with the $37 strike highlighted in orange:

89bio Inc Posts Strong Options Volume

Additionally, 89bio Inc (Symbol: ETNB) has recorded options trading of 8,072 contracts today, representing approximately 807,200 underlying shares. This volume accounts for 83.6% of ETNB’s average daily trading volume of 965,385 shares over the past month. Significant trading activity was noted for the $10 strike call option expiring on February 21, 2025, with 1,597 contracts exchanged today, equivalent to about 159,700 shares of ETNB. Here’s a chart reflecting ETNB’s trading history over the past year, with the $10 strike highlighted:

For further details on the various available expirations for options on AKRO, AI, and ETNB, please visit 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.