Big Movers in Options Trading: Starbucks, Redfin, and Walmart Lead the Pack

Today’s trading activity in the options market has highlighted significant movements in some major stocks, particularly Starbucks, Redfin, and Walmart.

Starbucks Options Surge with High Volume

Among the components of the Russell 3000 index, Starbucks Corp. (Symbol: SBUX) stood out with a remarkable options trading volume. A total of 38,445 contracts traded today, translating to approximately 3.8 million underlying shares. This volume represents about 42.5% of SBUX’s average daily trading volume of 9.0 million shares over the past month. The $96 strike call option expiring on January 10, 2025, saw notable activity, with 15,629 contracts traded, equating to roughly 1.6 million underlying shares. Below is a chart showing SBUX’s trailing twelve-month trading history, with the $96 strike highlighted in orange:

Strong Activity in Redfin’s Options Market

Redfin Corp (Symbol: RDFN) also experienced a surge in options trading today, with 17,451 contracts changing hands. This volume accounts for about 1.7 million underlying shares, which is 42.4% of RDFN’s average daily volume of 4.1 million shares over the past month. The $5 strike put option expiring January 16, 2026, particularly attracted attention, with 5,027 contracts traded, representing approximately 502,700 underlying shares. Below is a chart displaying RDFN’s trailing twelve-month trading history, highlighting the $5 strike in orange:

Walmart’s Options Market Shows Prominent Trading Volume

Walmart Inc (Symbol: WMT) saw an impressive options trading volume of 73,699 contracts, amounting to about 7.4 million underlying shares. This figure corresponds to approximately 41.5% of WMT’s average daily volume of 17.8 million shares over the last month. Notably, the $85 strike put option, expiring February 21, 2025, had a high trading volume of 7,660 contracts, equaling around 766,000 underlying shares. Below is a chart illustrating WMT’s trailing twelve-month trading history with the $85 strike highlighted in orange:

For information on various available expirations for SBUX, RDFN, or WMT options, visit StockOptionsChannel.com.

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