Surge in Options Trading: Crocs, Capri, and Snowflake in the Spotlight

Key Activity Among Russell 3000 Components

Today, options trading on Crocs Inc (Symbol: CROX) has garnered attention, with 9,811 contracts exchanged. This volume translates to around 981,100 underlying shares, which is 108.3% of CROX’s average daily trading volume of 905,965 over the past month. The $138 strike call option expiring on November 01, 2024, stands out, with 3,361 contracts traded, representing roughly 336,100 underlying shares. The chart below illustrates CROX’s trading history for the past twelve months, highlighting the $138 strike in orange:

In a similar trend, Capri Holdings Ltd (Symbol: CPRI) has seen a robust options volume of 13,680 contracts today. This figure equals about 1.4 million underlying shares, accounting for 95.3% of CPRI’s average trading volume of 1.4 million shares over the last month. The high activity is primarily driven by the $55 strike call option expiring on January 17, 2025, which has seen 1,737 contracts traded, reflecting approximately 173,700 underlying shares. The chart below depicts CPRI’s trading history for the past twelve months, with the $55 strike highlighted in orange:

Meanwhile, Snowflake Inc (Symbol: SNOW) is also experiencing significant options activity, with 57,786 contracts traded. This volume equals about 5.8 million underlying shares, representing approximately 91% of SNOW’s monthly average trading volume of 6.3 million shares. The $95 strike put option expiring on November 22, 2024, has registered 3,278 contracts traded, which equates to around 327,800 underlying shares. Below is the chart showing SNOW’s trading history for the past twelve months, with the $95 strike highlighted in orange:

For additional information on available expirations for CROX, CPRI, or SNOW options, check out 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.