Today’s Highlights: Options Trading Activity for Key Russell 3000 Companies

New trends are emerging in options trading for major companies in the Russell 3000 index, especially Cleveland-Cliffs Inc (Symbol: CLF), Cracker Barrel Old Country Store Inc (Symbol: CBRL), and Redfin Corp (Symbol: RDFN). Here’s a closer look at their recent trading performances.

Cleveland-Cliffs Inc Shows Significant Trading Volume

Cleveland-Cliffs Inc (Symbol: CLF) has experienced a surge in options trading today. So far, 75,996 contracts have traded, which represents about 7.6 million underlying shares, with one contract corresponding to 100 underlying shares. This volume accounts for 42.6% of CLF’s average daily trading volume over the past month, which is 17.8 million shares. In particular, the $10.50 strike put option expiring on February 28, 2025, has seen notable activity, with 5,184 contracts traded, representing around 518,400 underlying shares. Below is a chart showing CLF’s trailing twelve-month trading history, marked with the highlighted $10.50 strike:

Cracker Barrel Old Country Store Inc Reports Solid Options Activity

Cracker Barrel Old Country Store Inc (Symbol: CBRL) also saw active options trading, with a total of 2,827 contracts exchanged today. This figure corresponds to about 282,700 underlying shares, representing approximately 42.1% of CBRL’s average daily trading volume over the last month, which is 671,360 shares. The $37.50 strike put option expiring on July 18, 2025, caught investors’ attention, with 1,501 contracts traded, equating to roughly 150,100 underlying shares. Below is a chart illustrating CBRL’s trailing twelve-month trading history, featuring the $37.50 strike in orange:

Redfin Corp Experiences Increased Options Trading Volume

Redfin Corp (Symbol: RDFN) has reported a significant options trading volume today, with 23,400 contracts traded, which represents around 2.3 million underlying shares. This is approximately 42.1% of RDFN’s average daily trading volume of 5.6 million shares over the past month. A standout option is the $8 strike call option, expiring on March 21, 2025, where 6,171 contracts have changed hands, representing about 617,100 underlying shares. Below is a chart that illustrates RDFN’s trailing twelve-month trading history, highlighting the $8 strike:

For more details on available option expirations for CLF, CBRL, and RDFN, visit StockOptionsChannel.com.

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

Also see:

• Funds Holding JOY
• Builders FirstSource Market Cap History
• LYV Insider Buying

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