Significant Options Activity in Crown Holdings, Gap Inc., and Discover Financial Services
Investors closely tracking the Russell 3000 index have noticed a surge in options trading for key companies today.
Crown Holdings Inc. Sees Surge in Options Trading
In particular, Crown Holdings Inc (Symbol: CCK) is experiencing remarkable activity with a total of 6,319 contracts traded so far. This volume translates to approximately 631,900 underlying shares, equating to 48.6% of CCK’s average daily trading volume of 1.3 million shares over the past month. Notably, the $82.50 strike put option set to expire on February 21, 2025, stands out with 5,717 contracts traded, representing around 571,700 underlying shares. Below is a chart detailing CCK’s trading history over the last twelve months, highlighting the $82.50 strike in orange:
Gap Inc. Indicates Strong Call Option Interest
Gap Inc (Symbol: GAP) has also captured attention with options trading volume reaching 20,551 contracts, which represents about 2.1 million underlying shares. This is approximately 46.6% of GAP’s average daily trading volume of 4.4 million shares in the last month. An exceptional level of interest centers on the $25 strike call option expiring on January 24, 2025, with 7,418 contracts traded, representing around 741,800 underlying shares. The chart below shows GAP’s trading history for the past year, with the $25 strike highlighted:
Discover Financial Services Options Trading Deserves Attention
Discover Financial Services (Symbol: DFS) reported options trading of 6,380 contracts, equating to roughly 638,000 underlying shares, or 45.8% of DFS’s average daily trading volume of 1.4 million shares over the past month. The $200 strike call option expiring on January 24, 2025, saw notable interest with 641 contracts traded, representing about 64,100 underlying shares. The following chart illustrates DFS’s twelve-month trading history with the $200 strike highlighted:
For more information on available options for CCK, GAP, or DFS, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also See:
- Energy Stocks Hedge Funds Are Buying
- WWE Market Cap History
- Institutional Holders of TRMK
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
