Unexpected Spike in Options Trading for Russell 3000 Index Stocks
Core Scientific, The Trade Desk, and Signet Jewelers See Significant Activity
In today’s options trading among the Russell 3000 index, Core Scientific Inc (Symbol: CORZ) stands out with a striking total volume of 65,962 contracts traded so far. This volume translates to around 6.6 million underlying shares, as each contract represents 100 shares. Notably, this amount constitutes 61.6% of CORZ’s average daily trading volume, which is 10.7 million shares over the past month. The activity peaked with the $20 strike call option expiring on January 17, 2025, where 10,951 contracts have changed hands, equating to about 1.1 million shares. Below is a chart detailing CORZ’s trading history over the past twelve months, with the $20 strike highlighted in orange:
The Trade Desk Inc (Symbol: TTD) also exhibited robust options activity, with a total of 28,711 contracts traded today. This number represents approximately 2.9 million underlying shares, amounting to 61.4% of TTD’s average daily volume of 4.7 million shares in the last month. The $190 strike call option, set to expire on September 19, 2025, captured significant interest with 2,018 contracts traded so far, equating to about 201,800 shares. Below is TTD’s twelve-month trading chart, with the $190 strike highlighted in orange:
Signet Jewelers Ltd (Symbol: SIG) also witnessed noteworthy options trading, with 4,298 contracts changing hands today. This volume correlates to approximately 429,800 underlying shares, which represents 57.9% of SIG’s average daily trading volume of 742,205 shares over the past month. The $98 strike call option, expiring on December 06, 2024, showed particularly high activity with 1,506 contracts traded, accounting for around 150,600 shares. Below is a chart showcasing SIG’s trading history for the past twelve months, highlighting the $98 strike in orange:
For information on the various options expirations available for CORZ, TTD, or SIG, visit StockOptionsChannel.com.
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Also see:
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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.
