Surge in Options Trading for Toll Brothers, Anavex, and Polaris

Among the underlying components of the Russell 3000 index, significant options trading activity has been observed today, especially in Toll Brothers Inc. (Symbol: TOL). So far, 7,052 contracts have exchanged hands, equivalent to about 705,200 underlying shares. This figure represents approximately 50.5% of TOL’s average daily trading volume over the past month, which stands at 1.4 million shares. The $93 strike put option set to expire on May 23, 2025, saw particularly high interest, with 556 contracts traded today, reflecting around 55,600 underlying shares of TOL. Below is a chart showing TOL’s trailing twelve-month trading history, with the $93 strike highlighted in orange:

Next, Anavex Life Sciences Corp (Symbol: AVXL) reported an options trading volume of 3,594 contracts today. This number corresponds to approximately 359,400 underlying shares, accounting for about 49.5% of AVXL’s average daily trading volume of 726,015 shares over the past month. The $20 strike call option, expiring on July 18, 2025, stood out with 1,001 contracts traded, equating to about 100,100 underlying shares of AVXL. A chart of AVXL’s trailing twelve-month trading history, with the $20 strike highlighted, is shown below:

Polaris Inc (Symbol: PII) also experienced notable options trading, with a total of 8,723 contracts traded today. This volume represents approximately 872,300 underlying shares, or about 48.6% of PII’s average daily trading volume, which is around 1.8 million shares. A significant volume was noted for the $50 strike call option, set to expire on September 19, 2025, with 6,421 contracts traded today, translating to about 642,100 underlying shares of PII. Below is a chart displaying PII’s trailing twelve-month trading history, with the $50 strike highlighted:

For further details on various expirations for TOL, AVXL, or PII options, please refer to StockOptionsChannel.com.

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