Surge in Options Trading for The Gap, National Fuel, and Okta Raises Eyebrows
Significant Activity Spots in Key Stock Options Showcase Market Movements
Today, The Gap Inc (Symbol: GAP) has experienced a striking increase in options trading volume. A total of 46,575 contracts were traded, which corresponds to approximately 4.7 million underlying shares. This amount surpasses GAP’s average daily trading volume of 4.6 million shares by roughly 100.9%. Notably, the $17.50 strike put option set to expire on November 22, 2024, drew attention with 3,312 contracts traded today, which translates to around 331,200 underlying shares of GAP. The chart below shows GAP’s trading history over the past twelve months, highlighting the $17.50 strike in orange:
National Fuel Gas Co. (Symbol: NFG) recorded options trading of 4,416 contracts thus far today. This figure represents about 441,600 underlying shares and equals 94.3% of NFG’s average daily trading volume of 468,500 shares over the past month. The $65 strike call option set to expire on January 17, 2025, saw particularly strong interest, with 4,289 contracts traded, amounting to around 428,900 underlying shares of NFG. Below is a chart detailing NFG’s trading history, with the $65 strike marked in orange:
In addition, Okta Inc (Symbol: OKTA) saw options trading of 15,826 contracts, which is approximately 1.6 million underlying shares, or 91.3% of its average daily trading volume of 1.7 million shares over the last month. The $80 strike call option, expiring on November 29, 2024, attracted significant volume with 1,423 contracts traded today, equating to about 142,300 underlying shares of OKTA. The following chart illustrates OKTA’s trading history with the $80 strike highlighted in orange:
For a wider range of available expirations for GAP options, NFG options, or OKTA options, please visit StockOptionsChannel.com.
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