Surging Options Trading Activity Highlights Key Players in Russell 3000

TEGNA Inc., Intuit Inc., and Seadrill Ltd. Lead Market Movements

Looking at options trading trends within the Russell 3000 index, TEGNA Inc. (Symbol: TGNA) is making headlines. Today, the company has seen a substantial options volume of 7,534 contracts, which translates to around 753,400 underlying shares, considering each contract represents 100 shares. This figure amounts to 69.3% of TGNA’s average daily trading volume for the past month, which stands at 1.1 million shares. Notably, the $15 strike put option expiring on December 19, 2025, has generated particularly high interest, with 5,959 contracts exchanged, representing approximately 595,900 underlying shares of TGNA. The following chart details TGNA’s trailing twelve-month trading history, highlighting the $15 strike in orange:

Intuit Inc. (Symbol: INTU) has also captured attention with an impressive options trading volume of 12,058 contracts, which corresponds to roughly 1.2 million underlying shares. This figure accounts for approximately 66.9% of INTU’s average daily trading volume over the past month, recorded at 1.8 million shares. The $440 strike put option expiring on February 28, 2025, has seen substantial activity, with 1,087 contracts traded, representing about 108,700 underlying shares. Below is a chart illustrating INTU’s trading history for the past year, with the $440 strike highlighted in orange:

Meanwhile, Seadrill Ltd. (Symbol: SDRL) has experienced options trading volume of 6,149 contracts, which represents around 614,900 underlying shares. This volume is approximately 66.1% of SDRL’s average daily trading volume over the past month, which is 929,940 shares. The $25 strike put option expiring on April 17, 2025, has attracted significant attention as well, with 4,005 contracts traded today, representing about 400,500 underlying shares of SDRL. The chart below shows SDRL’s trading history for the past year, with the $25 strike marked in orange:

For additional insights on available expirations for options on TGNA, INTU, or SDRL, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Institutional Holders of LEI
• ADNC Insider Buying
• Funds Holding TICC

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