Significant Thursday Options Trade Highlights: BLKB, META, NFLX

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On October 10, 2023, notable options trading activity was recorded for several components of the Russell 3000 index. Blackbaud, Inc. (BLKB) experienced a trading volume of 19,060 contracts, approximately 1.9 million underlying shares, which is 531.4% of its average monthly volume of 358,670 shares. High volume for the $70 strike call option expiring November 21, 2025, included 5,004 contracts, equating to about 500,400 underlying shares.

Meta Platforms Inc (META) reported a significant options volume of 460,160 contracts, representing around 46.0 million underlying shares, which is 365% of its average daily volume of 12.6 million shares. The $730 strike call option expiring on the same date saw 28,392 contracts traded, amounting to approximately 2.8 million underlying shares.

Netflix Inc (NFLX) had an options trading volume of 109,170 contracts, translating to roughly 10.9 million underlying shares, or 330.6% of its average daily volume of 3.3 million shares. The $1250 strike call option expiring October 10, 2025, recorded 3,963 contracts, representing about 396,300 underlying shares.

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