Options Trading Heats Up for Alaska Air, Wolverine, and Expedia

Strong Activity Highlights in the Russell 3000 Index Components

Among the stocks in the Russell 3000 index, notable options trading activity was observed today in Alaska Air Group, Inc. (Symbol: ALK). So far, 23,485 contracts have changed hands, translating to around 2.3 million underlying shares. This figure represents roughly 100.8% of ALK’s average daily trading volume for the past month, which is also 2.3 million shares.

The $55 strike call option set to expire on January 17, 2025, generated particularly high volume, with 10,552 contracts traded today, equivalent to about 1.1 million underlying shares of ALK. The accompanying chart displays ALK’s trading history from the last twelve months, with the $55 strike highlighted in orange:

Wolverine World Wide, Inc. (Symbol: WWW) experienced significant options trading as well, with a total of 8,633 contracts exchanged today, amounting to approximately 863,300 underlying shares. This figure is about 100.3% of WWW’s average daily trading volume of 861,000 shares over the past month.

The $20 strike call option expiring on December 20, 2024, saw the most action, with 3,994 contracts traded so far today, representing around 399,400 underlying shares of WWW. The chart below illustrates WWW’s trading patterns over the past year, with the $20 strike marked in orange:

Expedia Group, Inc. (Symbol: EXPE) also saw heightened trading activity today, with 14,982 contracts exchanged, which corresponds to approximately 1.5 million underlying shares or about 96.6% of EXPE’s average daily trading volume of 1.6 million shares for the past month.

The $172.50 strike put option set to expire on November 08, 2024, was particularly popular, with 1,056 contracts traded today, representing approximately 105,600 underlying shares of EXPE. Below is a chart that depicts EXPE’s trading activity over the last twelve months, highlighting the $172.50 strike in orange:

For more detailed information on available expirations for options on ALK, WWW, or EXPE, visit StockOptionsChannel.com.

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

Also see:

• Funds Holding PZT
• Hartford Financial Services Group Stock Split History
• PXD market cap history

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