Significant Thursday Options Trading Insights: LW, TEAM, AVXL

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Surge in Options Trading Highlights Activity in Lamb Weston, Atlassian, and Anavex

Record-Setting Activity for Lamb Weston Holdings (LW)

Among the components of the Russell 3000 index, Lamb Weston Holdings Inc (Symbol: LW) experienced a significant spike in options trading today. A total of 34,287 contracts have been traded, equating to approximately 3.4 million underlying shares. This figure represents about 126.3% of LW’s average daily trading volume of 2.7 million shares over the last month.

Notably, the $30 strike call option set to expire on December 20, 2024, drew considerable attention with 16,500 contracts traded, corresponding to around 1.6 million underlying shares. Below is a chart showcasing LW’s trading history over the past twelve months, highlighting the $30 strike in orange:

Loading chart — 2024 TickerTech.com

Strong Interest Shown in Atlassian Corp (TEAM)

Options trading for Atlassian Corp (Symbol: TEAM) also saw substantial volume today, with 21,953 contracts changing hands, representing about 2.2 million underlying shares. This volume shows approximately 123.5% of TEAM’s average daily trading over the past month, standing at 1.8 million shares.

The $205 strike call option expiring on November 1, 2024, was particularly popular, with 1,517 contracts traded, which is roughly 151,700 underlying shares. Below is a chart depicting TEAM’s trading history for the past twelve months with the $205 strike marked in orange:

Loading chart — 2024 TickerTech.com

Options Activity for Anavex Life Sciences (AVXL)

Anavex Life Sciences Corp (Symbol: AVXL) reported options trading volume of 6,037 contracts, which translates to around 603,700 underlying shares, or about 116.5% of AVXL’s average daily volume of 518,205 shares over the past month.

A particular highlight was the $10 strike call option expiring on November 15, 2024, where 1,119 contracts were traded, corresponding to roughly 111,900 underlying shares. Below is a chart that illustrates AVXL’s twelve-month trading history, emphasizing the $10 strike in orange:

Loading chart — 2024 TickerTech.com

To explore various available expirations for LW, TEAM, or AVXL options, you can 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.

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