Surge in Options Trading: GameStop, AMC, and Target Hospitality Get Noticed

Unusual trading volume in key companies sparks interest among investors.

In recent trading activity within the Russell 3000 index, GameStop Corp (Symbol: GME) stands out with a significant options trading volume. Today, 251,984 contracts have changed hands, equating to about 25.2 million underlying shares. This figure represents an impressive 343.7% of GME’s average daily trading volume over the last month, which is 7.3 million shares. The $30 strike call option, expiring on November 15, 2024, has garnered particular attention, with 24,510 contracts traded, representing approximately 2.5 million underlying shares. Below is a chart that shows the trailing twelve-month trading history for GME, with the $30 strike highlighted in orange:

AMC Entertainment Holdings Inc. (Symbol: AMC) is also experiencing notable options activity, with a trading volume of 212,068 contracts. This figure corresponds to around 21.2 million underlying shares, or roughly 247.1% of AMC’s average daily volume of 8.6 million shares over the past month. Particularly, the $5 strike call option expiring November 15, 2024, has seen 23,500 contracts traded, which is about 2.4 million underlying shares. Below is a chart displaying AMC’s twelve-month trading history, with the $5 strike highlighted in orange:

Target Hospitality Corp (Symbol: TH) is showing an options trading volume of 9,629 contracts today. This translates to approximately 962,900 underlying shares, representing a notable 218.8% of TH’s average daily trading volume of 439,995 shares over the past month. The $11 strike call option, set to expire on January 17, 2025, has seen 2,088 contracts traded so far, which equates to around 208,800 underlying shares. Below is a chart illustrating TH’s trailing twelve-month trading history, with the $11 strike highlighted in orange:

For a complete list of available expirations for GME options, AMC options, or TH options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Low PE Ratios
• EOPN Options Chain
• STBA Options Chain

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