Surge in Options Trading: Notable Activity in Chevron, Avis, and SES AI
Today, options trading saw heightened activity for several companies within the Russell 3000 index. Among the most active were Chevron Corporation (Symbol: CVX), Avis Budget Group Inc (Symbol: CAR), and SES AI Corp (Symbol: SES), each exhibiting significant trading volumes.
Cheron Corporation Options Activity
For Chevron, there has been a remarkable options trading volume of 42,199 contracts, equivalent to roughly 4.2 million shares. This figure constitutes approximately 43% of CVX’s average daily trading volume of 9.8 million shares over the past month. The standout was the $155 strike put option set to expire on January 17, 2025, with an impressive 12,660 contracts traded. This accounted for around 1.3 million underlying shares of Chevron. Below is a chart illustrating CVX’s trading history over the past year, with the $155 strike clearly marked in orange:
Avis Budget Group Sees Strong Options Volume
Avis Budget Group has also made headlines today, registering a volume of 2,446 contracts, representing about 244,600 underlying shares. This activity is about 42.3% of CAR’s average daily trading volume of 577,785 shares in the past month. The most significant action involved the $92 strike call option expiring on January 17, 2025, with 973 contracts traded, representing roughly 97,300 underlying shares. Here is the chart of CAR’s trading history, with the $92 strike shown in orange:
SES AI Corp Options Trading Highlights
SES AI Corp completed the trio with a notable options trading volume of 22,784 contracts, equating to around 2.3 million underlying shares, or approximately 41.1% of its average daily trading volume of 5.5 million shares over the last month. The activity peaked with the $7.50 strike call option expiring on January 17, 2025, where 7,758 contracts were traded, representing about 775,800 underlying shares. Below is a chart detailing SES’s trading activity over the past year, highlighting the $7.50 strike:
For options with various expirations for CVX, CAR, or SES, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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