Surge in Options Trading: A Look at Zillow, Krystal Biotech, and California Resources

Zillow Group Sees Significant Activity

Among the components of the Russell 3000 index, Zillow Group Inc (Symbol: Z) stands out today with impressive options trading. A total of 23,345 contracts have changed hands, representing around 2.3 million underlying shares. This figure is approximately 85.3% of Z’s average daily trading volume of 2.7 million shares over the past month. Notably, the $80 strike call option, set to expire on December 27, 2024, has attracted high interest with 10,049 contracts traded today, translating to about 1 million underlying shares. Below is a chart illustrating Z’s trading history over the past twelve months, with the $80 strike marked in orange:

Krystal Biotech Shows Strong Options Volume

Krystal Biotech Inc (Symbol: KRYS) is also witnessing notable activity. Today, 2,218 contracts have exchanged hands, representing approximately 221,800 underlying shares. This activity equates to 85.3% of KRYS’s average daily trading volume of 260,150 shares over the past month. The $170 strike put option expiring on December 20, 2024, is particularly active with 388 contracts traded today, representing roughly 38,800 underlying shares. Below is the chart showing KRYS’s trading history, featuring the $170 strike in orange:

California Resources Experiences High Options Activity

California Resources Corp (Symbol: CRC) is not left behind, showing options trading volume of 4,828 contracts today. This represents about 482,800 underlying shares, or 82.2% of CRC’s average daily volume of 587,575 shares for the past month. The $52.50 strike call option set to expire on January 17, 2025, has seen significant activity with 4,075 contracts traded today, equating to approximately 407,500 underlying shares. Below, find CRC’s trading history for the past year, with the $52.50 strike highlighted in orange:

For a comprehensive view of available expirations for Z options, KRYS options, or CRC options, visit StockOptionsChannel.com.

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