On October 10, 2023, substantial options trading activity was reported for multiple companies within the Russell 3000 index. Analog Devices Inc (ADI) saw total trading volume reach 16,070 contracts, equivalent to approximately 1.6 million underlying shares, accounting for 44.2% of its average daily volume of 3.6 million shares. Notably, the $262.50 strike call option expiring August 22, 2025, recorded 2,035 contracts traded today, representing about 203,500 underlying shares.
Credo Technology Group Holding Ltd (CRDO) had a reported options trading volume of 16,880 contracts, translating to approximately 1.7 million underlying shares or 42.9% of its average daily volume of 3.9 million shares. The $140 strike call option expiring September 19, 2025, accounted for a significant portion of this with 4,780 contracts traded, representing about 478,000 underlying shares.
Marathon Petroleum Corp. (MPC) also experienced high options trading activity, with 7,210 contracts traded, equating to approximately 721,000 underlying shares and 42.2% of its average daily volume of 1.7 million shares. The $130 strike call option expiring September 19, 2025, saw 2,400 contracts traded, representing around 240,000 underlying shares.
