Notable Options Activity in Russell 3000: Air Lease, Sphere, and PureCycle
Among the underlying components of the Russell 3000 index, significant options trading activity was observed today, particularly in Air Lease Corp (Symbol: AL). The total trading volume reached 6,524 contracts, equivalent to approximately 652,400 underlying shares. This trading volume makes up about 58.6% of AL’s average daily trading volume of 1.1 million shares over the past month.
A notable spike occurred for the $60 strike call option set to expire on August 15, 2025, with 2,169 contracts traded today, representing around 216,900 underlying shares of AL. Below is a chart illustrating AL’s trailing twelve-month trading history, highlighting the $60 strike in orange:
In addition, Sphere Entertainment Co (Symbol: SPHR) reported options trading volume of 6,170 contracts today, corresponding to approximately 617,000 underlying shares. This volume also represents about 58.6% of SPHR’s average daily trading volume, which stands at 1.1 million shares.
The $20 strike call option, expiring May 16, 2025, saw particularly high activity today, with 2,801 contracts traded, equivalent to approximately 280,100 underlying shares of SPHR. Below is a chart detailing SPHR’s trailing twelve-month trading history, with the $20 strike highlighted in orange:
Finally, PureCycle Technologies Inc (Symbol: PCT) recorded a robust options trading volume of 16,442 contracts today, translating to about 1.6 million underlying shares. This volume constitutes approximately 56.7% of PCT’s average daily trading volume over the past month of 2.9 million shares.
Among various strike prices, the $8.50 strike call option, set to expire on May 16, 2025, showed especially high activity, with 5,187 contracts traded, representing approximately 518,700 underlying shares of PCT. Below is a chart presenting PCT’s trailing twelve-month trading history, with the $8.50 strike highlighted in orange:
For various expiration dates for options on AL, SPHR, or PCT, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
