Significant Tuesday Options Insights: ES, SPHR, ALGM

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Among the Russell 3000 index components, Eversource Energy (Symbol: ES) saw substantial options trading on [date], with a total of 17,884 contracts exchanged, equating to about 1.8 million underlying shares. This volume represents 58.6% of ES’s average daily trading volume of 3.1 million shares. Notably, 9,012 contracts were traded for the $65 strike call option expiring December 19, 2025, corresponding to approximately 901,200 underlying shares.

Sphere Entertainment Co (Symbol: SPHR) recorded a trading volume of 4,165 options contracts today, which accounts for about 416,500 underlying shares or 55.3% of its average daily trading volume of 753,705 shares. A significant portion of this was attributed to the $80 strike put option expiring on January 16, 2026, with 1,066 contracts traded, representing about 106,600 underlying shares.

Allegro MicroSystems Inc (Symbol: ALGM) reported 9,075 options contracts traded, reflecting approximately 907,500 underlying shares or 52.3% of its monthly average of 1.7 million shares. The $20 strike put option expiring January 16, 2026, had a high trading volume of 9,000 contracts, corresponding to approximately 900,000 underlying shares.

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