On October 16, 2023, CAVA Group Inc (CAVA) experienced high options trading volume, with a total of 20,717 contracts traded, equivalent to approximately 2.1 million underlying shares. This volume represents 50.8% of CAVA’s average daily trading volume of 4.1 million shares over the past month. Notably, the $85 strike call option expiring on July 18, 2025, saw 4,138 contracts exchanged, representing about 413,800 underlying shares.
Micron Technology Inc. (MU) also faced significant trading activity, with 121,454 contracts traded today, translating to roughly 12.1 million shares or 48% of MU’s average daily trading volume of 25.3 million shares. The $130 strike call option expiring on July 18, 2025, accounted for 5,213 contracts traded, or approximately 521,300 underlying shares.
Additionally, Nabors Industries Ltd (NBR) recorded an options trading volume of 2,760 contracts, which is about 276,000 underlying shares, constituting 47.9% of NBR’s average daily trading volume of 576,160 shares. The $30 strike call option, expiring on July 18, 2025, had 2,041 contracts traded, representing approximately 204,100 shares.
