Significant Monday Options Trends: ARES, PACS, JPM

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On October 10, 2023, notable options trading activity was observed in the Russell 3000 index, particularly for Ares Management Corp (NYSE: ARES), with 10,596 contracts traded, representing about 1.1 million underlying shares—53.8% of its monthly average volume of 2.0 million shares. The $160 strike call option expiring December 19, 2025, accounted for 5,095 contracts, or approximately 509,500 shares.

PACS Group Inc (NYSE: PACS) also saw significant trading, with 12,156 contracts changing hands, equivalent to 1.2 million underlying shares, which is 51.9% of its monthly average volume of 2.3 million shares. The $40 strike call option expiring January 15, 2027, had 1,589 contracts traded, covering around 158,900 shares.

Additionally, JPMorgan Chase & Co (NYSE: JPM) registered a trading volume of 38,548 contracts, equating to approximately 3.9 million shares, or 50.4% of its average monthly volume of 7.6 million shares. The $290 strike put option expiring November 28, 2025, saw 3,285 contracts traded, representing about 328,500 underlying shares.

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