Spike in Options Trading Activity Among Key Russell 3000 Companies

Investors are actively trading options for several major companies within the Russell 3000 index today, highlighting potential market shifts and investor sentiments.

Alignment Healthcare Inc (ALHC) Sees Significant Volume

Alignment Healthcare Inc (Symbol: ALHC) has experienced notable options trading activity, with a remarkable volume of 17,430 contracts traded so far. This equates to about 1.7 million underlying shares, as each contract represents 100 shares. This trading volume amounts to 140.5% of ALHC’s average daily volume over the past month, which stands at 1.2 million shares. A particularly high interest has been observed in the $15 strike call option expiring on February 21, 2025, where 11,825 contracts have traded, representing about 1.2 million underlying shares. Below is a chart illustrating ALHC’s trading history over the past twelve months, with the $15 strike highlighted in orange:

Zillow Group Inc (Z) Draws Increased Trading Interest

Zillow Group Inc (Symbol: Z) also reported a surge in options trading, clocking in at 37,679 contracts. This figure represents roughly 3.8 million underlying shares, which translates to about 135.9% of Z’s average daily volume of 2.8 million shares over the last month. The $85 strike call option expiring on January 17, 2025, has been particularly popular, with 2,224 contracts traded today, accounting for approximately 222,400 underlying shares. Below is a chart detailing Z’s twelve-month trading history, with the $85 strike marked in orange:

Unity Software Inc (U) Shows Strong Options Activity

Likewise, Unity Software Inc (Symbol: U) has reported substantial options trading activity, with a total of 100,164 contracts traded today. This volume corresponds to approximately 10 million underlying shares, making up 132.7% of U’s average daily trading volume of 7.5 million shares in the past month. The $20 strike put option expiring on November 08, 2024, has garnered considerable attention, with 6,680 contracts trading, representing around 668,000 underlying shares. Below is a chart representing U’s trading history over the last twelve months, with the $20 strike highlighted in orange:

For more information on the various expiration dates available for options on ALHC, Z, or U, visit StockOptionsChannel.com.

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

Also see:

• Cheap Consumer Stocks
• WDRW Historical Stock Prices
• EXPE MACD

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