High Volume Options Trading Highlights in the Russell 3000

Align Technology, Axon, and Thermo Fisher Lead the Way

Today, significant options trading activity has been observed among the components of the Russell 3000 index. Align Technology Inc (Symbol: ALGN) experienced robust trading with a total volume of 3,110 contracts. This volume translates to approximately 311,000 underlying shares, given that each contract represents 100 shares. Notably, this figure accounts for 43.4% of ALGN’s average daily trading volume of 715,935 shares over the past month.

The $175 strike put option expiring on November 01, 2024, saw particularly high activity, with 222 contracts traded today, representing around 22,200 underlying shares of ALGN. Below, you can see a chart illustrating ALGN’s trading history, highlighting the $175 strike in orange:

Axon Enterprise Inc (Symbol: AXON) also showed strong options trading today, with 2,185 contracts changing hands. This amount reflects about 218,500 underlying shares, approximately 43.1% of AXON’s average daily trading volume of 507,395 shares over the past month. The $470 strike call option, expiring on December 20, 2024, recorded notable interest, with 322 contracts traded, equating to around 32,200 underlying shares of AXON. The following chart displays AXON’s trailing twelve-month trading history, with the $470 strike highlighted:

Lastly, Thermo Fisher Scientific Inc (Symbol: TMO) witnessed a trading volume of 5,106 contracts today. This volume equates to roughly 510,600 underlying shares, representing about 43% of TMO’s average daily trading volume of 1.2 million shares over the past month. A significant volume was noted for the $590 strike put option, set to expire on December 20, 2024, with 345 contracts traded so far, which corresponds to approximately 34,500 underlying shares of TMO. Below is the chart showing TMO’s trading history, with the $590 strike emphasized in orange:

For more details on available expirations for options from ALGN, AXON, or TMO, visit StockOptionsChannel.com.

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