Among the Russell 3000 index constituents, Capri Holdings Ltd (CPRI) reported a significant options trading volume of 34,618 contracts on October 16, 2023, equating to approximately 3.5 million underlying shares. This figure represents 135% of CPRI’s average daily trading volume of 2.6 million shares. Notably, the $20 strike call option, expiring June 18, 2026, had a high volume of 12,632 contracts, approximately 1.3 million underlying shares.
In related trading activity, MicroStrategy Inc (MSTR) saw 192,786 contracts exchanged, approximately 19.3 million underlying shares, or 129.6% of its recent average volume of 14.9 million shares. The $170 strike call option for MSTR had 10,362 contracts traded, representing about 1.0 million underlying shares.
Dick’s Sporting Goods, Inc (DKS) experienced options trading of 11,588 contracts, approximately 1.2 million underlying shares, accounting for 117.9% of its average daily trading volume of 982,505 shares. The $210 strike put option for DKS had 3,574 contracts traded, approximately 357,400 underlying shares.
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