Significant Monday Options Trading: U, UPST, LW

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Among the Russell 3000 index, Unity Software Inc (Symbol: U) reported significant options trading activity on October 5, 2023, with a total of 73,289 contracts traded, corresponding to approximately 7.3 million underlying shares—41.4% of its average daily volume. Notably, 7,951 contracts for the $27 strike call option expiring February 13, 2026, were traded, representing about 795,100 underlying shares.

Upstart Holdings Inc (Symbol: UPST) also experienced high options trading, with 14,721 contracts traded, equating to roughly 1.5 million underlying shares or 41.2% of its average daily volume. The $45 strike call option expiring March 20, 2026, saw particularly high volume with 841 contracts, amounting to about 84,100 underlying shares.

Lamb Weston Holdings Inc (Symbol: LW) saw 12,076 contracts traded, representing approximately 1.2 million underlying shares, or 40.6% of its average daily volume. The $47.50 strike call option expiring February 20, 2026, was notably active with 4,191 contracts trading, which represents about 419,100 underlying shares.

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