HomeMarket NewsSignificant Options Trading Trends on Monday: Lyft, Dollar Tree, and Newcastle Networks

Significant Options Trading Trends on Monday: Lyft, Dollar Tree, and Newcastle Networks

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Surge in Options Trading for Lyft, Dollar Tree, and NextNav

Today’s Key Players in the Russell 3000 Index

A closer look at options trading reveals significant activity in Lyft Inc (Symbol: LYFT). Today, the total trading volume reached 75,063 contracts, equating to about 7.5 million underlying shares, since each contract includes 100 shares. This figure represents 69% of LYFT’s average daily trading volume of 10.9 million shares from the past month. Notably, the $14 strike call option set to expire on October 25, 2024, saw particularly high engagement, with 25,362 contracts traded, representing approximately 2.5 million underlying shares. Below is a visualization depicting LYFT’s trading patterns over the last year, with the $14 strike highlighted in orange:

Loading chart — 2024 TickerTech.com

In a similar vein, Dollar Tree Inc (Symbol: DLTR) experienced options trading with a volume of 20,789 contracts. This translates to around 2.1 million underlying shares, or roughly 67.1% of DLTR’s average daily trading volume of 3.1 million shares over the past month. The $130 strike put option expiring on January 17, 2025, exhibited notable trading, with 6,401 contracts bought, corresponding to about 640,100 underlying shares. The following chart illustrates DLTR’s trading history over the past twelve months, with the $130 strike highlighted in orange:

Loading chart — 2024 TickerTech.com

NextNav Inc (Symbol: NN) also saw increased options trading activity, with a total volume of 3,314 contracts. This indicates approximately 331,400 underlying shares traded and 62.2% of NN’s average daily trading volume, which stands at 533,190 shares. The $7 strike put option, set to expire on December 20, 2024, was particularly active, with 1,015 contracts traded, representing around 101,500 underlying shares. Below is the chart for NN’s trading history over the past year, with the $7 strike marked in orange:

Loading chart — 2024 TickerTech.com

For further details on available options for LYFT, DLTR, or NN, visit StockOptionsChannel.com.

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

Also see:
  • RBT shares outstanding history
  • Institutional Holders of LAS
  • Institutional Holders of GERN

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

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