On October 3, 2023, notable options trading activity was reported for several companies within the Russell 3000 index. JPMorgan Chase & Co (JPM) saw 38,882 options contracts traded, equating to about 3.9 million underlying shares, which is 50.7% of its average daily volume of 7.7 million shares. The $300 strike call option expiring August 29, 2025, accounted for 12,293 contracts, representing approximately 1.2 million shares.
Box Inc (BOX) recorded 7,912 options contracts, translating to about 791,200 underlying shares, or 48.2% of its monthly average of 1.6 million shares. The $35 strike call option expiring September 19, 2025, contributed 1,590 contracts, amounting to approximately 159,000 shares. Similarly, CAVA Group Inc (CAVA) had significant activity with 29,580 contracts traded, representing 3.0 million underlying shares, which is 47.1% of its average daily volume of 6.3 million shares. The $55 strike put option expiring October 3, 2025, saw 8,840 contracts, representing 884,000 shares.
