Increased Options Trading Activity for Key Russell 3000 Companies

Today, notable options trading activity has emerged among components of the Russell 3000 index, particularly with Alcoa Corporation (Symbol: AA). Alcoa has seen a total volume of 24,080 contracts traded, which translates to approximately 2.4 million underlying shares. This figure accounts for 51.7% of AA’s average daily trading volume over the past month, which is 4.7 million shares. A significant portion of this activity focused on the $31 strike put option expiring on March 21, 2025, with 10,511 contracts traded to date—equal to about 1.1 million underlying shares. Below is a chart illustrating AA’s trailing twelve-month trading history, highlighting the $31 strike in orange:

Similarly, Chevron Corporation (Symbol: CVX) has experienced significant options trading, with a volume of 36,459 contracts exchanged today. This represents around 3.6 million underlying shares, which is approximately 51.5% of CVX’s average daily trading volume of 7.1 million shares over the past month. There was also substantial activity in the $170 strike call option, expiring May 16, 2025, where 10,025 contracts have been traded, corresponding to about 1.0 million underlying shares. Below is a chart that shows CVX’s trailing twelve-month trading history, with the $170 strike marked in orange:

Palantir Technologies Inc (Symbol: PLTR) has also reported high options trading volume, totaling 605,358 contracts so far today. This volume equates to roughly 60.5 million underlying shares, constituting a significant 49.7% of PLTR’s average daily trading volume, which stands at 121.8 million shares. Notably, the $90 strike call option expiring on March 07, 2025, has garnered attention with 41,538 contracts traded—approximately 4.2 million underlying shares. A chart depicting PLTR’s trailing twelve-month trading history, featuring the $90 strike in orange, is shown below:

For details on available expirations for AA, CVX, or PLTR options, you can visit StockOptionsChannel.com.

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