On October 18, 2023, Urban Outfitters, Inc. (URBN) experienced a notable surge in options trading, with 10,722 contracts traded, equating to approximately 1.1 million underlying shares. This represents 61.9% of URBN’s average daily trading volume of 1.7 million shares. A significant volume was recorded for the $65 strike put option expiring on September 19, 2025, with 1,143 contracts traded, amounting to about 114,300 underlying shares.
Green Plains Inc. (GPRE) also saw substantial options activity, trading 10,540 contracts (approximately 1.1 million underlying shares), which is 56.7% of its average daily volume of 1.9 million shares. The $17 strike call option expiring on December 18, 2026, accounted for 5,650 contracts, representing around 565,000 underlying shares.
Wendy’s Co (WEN) recorded a trading volume of 38,611 contracts, representing approximately 3.9 million underlying shares and 55.8% of its daily average volume of 6.9 million shares. The $9 strike put option expiring on October 17, 2025, was particularly active with 32,691 contracts traded, equating to about 3.3 million underlying shares.
