High Options Trading Activity Highlights Key Stocks in Russell 3000

Today, options trading is particularly noteworthy among several companies in the Russell 3000 index, with CommVault Systems Inc (Symbol: CVLT) showing a significant increase in contract volume. To date, 1,893 contracts have been traded, equating to approximately 189,300 underlying shares, given that one contract represents 100 shares. This volume represents 41.7% of CVLT’s average daily trading volume for the past month, which is 453,810 shares. The $140 strike put option expiring on May 16, 2025, has been a prominent focus, with 1,059 contracts traded today, corresponding to about 105,900 underlying shares. Below is a chart depicting CVLT’s trailing twelve-month trading history, highlighting the $140 strike in orange:

Another company capturing attention is United States Steel Corp. (Symbol: X), which has seen a robust options trading volume of 35,300 contracts today. This trading activity corresponds to around 3.5 million underlying shares, making up a significant 40.8% of X’s average daily trading volume over the past month, which stands at 8.6 million shares. The $45 strike call option expiring on June 20, 2025, has attracted noteworthy trading, with 6,416 contracts traded today, representing about 641,600 underlying shares. The following chart shows X’s trailing twelve-month trading history, with the $45 strike option highlighted in orange:

Sphere Entertainment Co (Symbol: SPHR) is also seeing notable options trading volume today, with 3,909 contracts exchanged, which translates to approximately 390,900 underlying shares. This figure represents 40.8% of SPHR’s average daily trading volume over the past month of 958,490 shares. The $17.50 strike put option expiring on August 15, 2025, has particularly high volume, with 1,201 contracts traded thus far, equivalent to about 120,100 underlying shares. Below is the chart displaying SPHR’s trailing twelve-month trading history, with the $17.50 strike marked in orange:

For detailed information on various expiration dates for CVLT, X, or SPHR options, you can visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• EFAV Historical Stock Prices
• BGSX Options Chain
• Funds Holding EAC

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.