High Options Trading Volume Observed in Tesla, TKO Group, and Meta

Today’s trading activity within the Russell 3000 index reveals a significant surge in options volume, particularly in Tesla Inc (Symbol: TSLA). So far, 2.6 million contracts have traded, corresponding to approximately 256.1 million underlying shares. This figure is approximately 317.4% of TSLA’s monthly average daily trading volume of 80.7 million shares. A notable highlight is the $300 strike call option, expiring on February 28, 2025, where 115,711 contracts have traded, representing around 11.6 million underlying shares of TSLA. The accompanying chart illustrates TSLA’s trading history over the trailing twelve months, with the $300 strike clearly marked in orange:

Turning to TKO Group Holdings Inc (Symbol: TKO), options trading today shows a volume of 40,246 contracts, which translates to about 4.0 million underlying shares. This represents a striking 299.7% of TKO’s average daily trading volume of 1.3 million shares for the past month. The $160 strike call option, expiring on March 21, 2025, has garnered particular attention, with 6,770 contracts traded, equating to approximately 677,000 underlying shares of TKO. Below, the chart provides a view of TKO’s trading history over the last twelve months, highlighting the $160 strike in orange:

Meta Platforms Inc (Symbol: META) also experienced substantial options activity today, with 357,481 contracts traded. This accounts for approximately 35.7 million underlying shares, or 211.3% of META’s average daily trading volume of 16.9 million shares over the past month. The $690 strike call option, set to expire on February 28, 2025, reached a volume of 24,956 contracts, representing about 2.5 million underlying shares. The chart below shows META’s twelve-month trading activity with the $690 strike marked in orange:

For detailed information regarding available expirations for TSLA, TKO, or META options, please visit StockOptionsChannel.com.

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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.