Among the components of the Russell 3000 index, notable options trading occurred on October 31, 2023. Kratos Defense & Security Solutions, Inc. (KTOS) saw a trading volume of 25,769 contracts, equating to approximately 2.6 million underlying shares, or 65.5% of its average daily volume of 3.9 million shares. Of particular interest was the $100 strike call option expiring March 6, 2026, with 1,733 contracts traded.
Similarly, Nordic American Tankers Ltd (NAT) reported a volume of 24,696 contracts, which represents about 2.5 million underlying shares, amounting to 64.9% of its average daily trading volume of 3.8 million shares. The $6 strike call option expiring March 20, 2026, had 4,281 contracts traded.
Red Cat Holdings Inc (RCAT) recorded the highest trading volume of the day at 61,012 contracts, or 6.1 million underlying shares, representing 64.7% of its average daily volume of 9.4 million shares. The $15 strike call option expiring March 6, 2026, accounted for 3,792 contracts traded.
