Surge in Options Trading: Tesla, Xponential Fitness, and Teradata See Major Activity

Strong Activity in Major Stocks Highlights Market Trends

Today, the options trading activity for companies in the Russell 3000 index has been significant, especially for Tesla Inc (Symbol: TSLA). So far, 1.2 million contracts have been traded, equivalent to about 116.9 million shares, due to the standard 100 shares per contract. This total represents a booming 144.4% of TSLA’s average daily trading volume over the past month, which sits at 81.0 million shares. Notable trading occurred with the $250 strike call option set to expire on November 08, 2024, with 50,175 contracts exchanged today, translating to roughly 5.0 million shares of TSLA. The following chart illustrates TSLA’s trading performance throughout the past year, with the $250 strike highlighted in orange:

Xponential Fitness Inc (Symbol: XPOF) has also experienced notable activity, with 3,514 contracts traded. This figure corresponds to approximately 351,400 shares, aligning with 137.8% of XPOF’s average daily trading volume of 255,005 shares over the past month. The $20 strike call option expiring on December 20, 2024, attracted particular attention today, with 1,501 contracts traded, representing about 150,100 shares of XPOF. Below is a chart showing the trading history of XPOF over the last twelve months:

Teradata Corp (Symbol: TDC) saw a trading volume of 7,612 contracts, which reflects approximately 761,200 underlying shares. This amount constitutes approximately 133.2% of TDC’s average daily trading volume of 571,360 shares for the past month. Noteworthy activity was recorded for the $32.50 strike put option expiring on November 15, 2024, with 3,180 contracts traded today, equating to around 318,000 shares of TDC. The chart below displays TDC’s trading history for the past twelve months:

For information regarding the various expirations available for options on TSLA, XPOF, or TDC, please visit StockOptionsChannel.com.

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

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