Notable Options Trading in Russell 3000 Index Components
On October 23, 2023, Applovin Corp (Symbol: APP) experienced significant options trading with 66,779 contracts exchanged, equating to roughly 6.7 million underlying shares, which is 112.2% of the stock’s average daily trading volume of 5.9 million shares. The $430 strike call option expiring on August 22, 2025 saw particularly high activity with 3,480 contracts traded, representing about 348,000 underlying shares.
Thor Industries, Inc. (Symbol: THO) reported options trading volume of 7,971 contracts, about 797,100 underlying shares, marking 107.4% of its average daily volume of 742,160 shares. A notable trade occurred for the $100 strike put option expiring on September 19, 2025, with 4,099 contracts traded, translating to approximately 409,900 underlying shares.
Additionally, Target Hospitality Corp (Symbol: TH) recorded a trading volume of 3,691 contracts, which represents about 369,100 underlying shares, or 98.8% of its average daily trading volume of 373,515 shares. The $7 strike call option expiring on September 19, 2025 had high volume too, with 2,027 contracts traded, accounting for approximately 202,700 underlying shares.
