Rising Options Activity: Uber, Summit Therapeutics, and Clearwater Paper Show Notable Volume
Trading volumes for options are on the rise among key players in the Russell 3000 index.
Uber Technologies Inc (Symbol: UBER) reported a striking options trading volume today, with 131,451 contracts exchanged. This total equates to roughly 13.1 million underlying shares, representing approximately 42.4% of UBER’s average daily trading volume of 31.0 million shares over the last month. The standout was the $77.50 strike put option set to expire on March 21, 2025, where 5,968 contracts—about 596,800 underlying shares—were traded today. Below is a chart displaying UBER’s trailing twelve-month trading history, highlighting the $77.50 strike in orange:
Summit Therapeutics Inc (Symbol: SMMT) also experienced robust options trading, with 8,634 contracts transacted, representing approximately 863,400 underlying shares. This amounts to a significant 42.3% of SMMT’s average daily trading volume of 2.0 million shares over the past month. The $20 strike call option expiring on March 21, 2025, saw heightened activity today, with 2,052 contracts—approximately 205,200 underlying shares—traded. Below is SMMT’s trailing twelve-month trading chart, featuring the $20 strike in orange:
Clearwater Paper Corp (Symbol: CLW) recorded an options trading volume of 1,257 contracts, representing around 125,700 underlying shares. This is approximately 41.8% of CLW’s average daily trading volume of 300,955 shares over the last month. For the $40 strike call option expiring on March 21, 2025, there were 593 contracts traded today, corresponding to roughly 59,300 underlying shares. Below is CLW’s trailing twelve-month trading chart, with the $40 strike indicated in orange:
To explore various expiration options for UBER, SMMT, or CLW, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- Institutional Holders of VSCO
- TAST Price Target
- CANO Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
