Options Activity Surges for Applied Digital, Avantor, and Alphabet

Notable Trading Volumes Highlight Market Interest

Today, trading activity among components of the Russell 3000 index reveals significant movements, particularly in Applied Digital Corporation (Symbol: APLD). So far, a total of 86,280 options contracts have been traded, which translates to approximately 8.6 million underlying shares since each contract represents 100 shares. This volume represents 65.1% of APLD’s average daily trading volume over the previous month, which stands at 13.3 million shares.

A substantial volume has also been recorded for the $9 strike call option set to expire on November 15, 2024. To date, 16,616 contracts have been traded, correlating to roughly 1.7 million underlying shares of APLD. Below is a chart illustrating APLD’s trading history over the last twelve months, with the $9 strike position emphasized in orange:

Avantor Inc (Symbol: AVTR) is also witnessing considerable trading, with 31,462 options contracts recorded today. This figure signifies approximately 3.1 million underlying shares, which accounts for 64.3% of AVTR’s average daily trading volume, recorded at 4.9 million shares in the last month.

Most of the activity is concentrated on the $20 strike put option, expiring on November 15, 2024, which has seen a notable 26,703 contracts traded, equivalent to about 2.7 million underlying shares of AVTR. Below is a chart showing AVTR’s trading history for the past twelve months, with the $20 strike indicated in orange:

Additionally, Alphabet Inc (Symbol: GOOGL) has reported a volume of 125,855 options contracts. This number corresponds to approximately 12.6 million underlying shares, accounting for about 61.7% of GOOGL’s average daily trading volume of 20.4 million shares over the past month.

High trading intensity is evident in the $165 strike call option due for expiration on October 25, 2024. Currently, there have been 15,541 contracts traded, representing around 1.6 million underlying shares of GOOGL. Below is a chart displaying GOOGL’s trading history over the last twelve months, with the $165 strike highlighted in orange:

For more information about available options expirations for APLD, AVTR, or GOOGL, visit StockOptionsChannel.com.

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

Also see:

• Institutional Holders of LABU
• Funds Holding LDR
• Funds Holding NMR

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