Significant Options Activity in Uber, Marvell, and Marathon Petroleum

Today’s options trading in the Russell 3000 index highlights notable activity, particularly for Uber Technologies Inc (Symbol: UBER). Thus far, 113,944 contracts have been traded, equating to approximately 11.4 million underlying shares, or 47.2% of UBER’s average daily trading volume over the past month of 24.1 million shares. A particularly high volume was observed in the $100 strike call option expiring June 20, 2025, with 7,746 contracts changing hands today, representing about 774,600 underlying shares of UBER. Below is a chart illustrating UBER’s trailing twelve-month trading history, with the $100 strike highlighted in orange:

Marvell Technology Inc (Symbol: MRVL) is also experiencing robust options activity, with 79,376 contracts traded today, representing approximately 7.9 million underlying shares. This accounts for 47% of MRVL’s average daily trading volume over the past month, which stands at 16.9 million shares. A large volume was noted for the $45 strike put option expiring June 20, 2025, where 13,109 contracts traded today, corresponding to about 1.3 million underlying shares of MRVL. Below is a chart showing MRVL’s trailing twelve-month trading history with the $45 strike highlighted in orange:

Marathon Petroleum Corp. (Symbol: MPC) is seeing substantial options volume as well, with 11,470 contracts traded so far today. This volume represents approximately 1.1 million underlying shares, making up 45.4% of MPC’s average daily trading volume of 2.5 million shares over the past month. The $145 strike call option expiring May 23, 2025, has particularly high activity, with 2,560 contracts traded today, equating to about 256,000 underlying shares of MPC. Here is a chart showing MPC’s trailing twelve-month trading history with the $145 strike highlighted in orange:

For detailed information on the various expirations available for UBER, MRVL, and MPC 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.