Surge in Options Trading for Chevron, Etsy, and Nu Holdings

Significant activity is being observed today in the options market involving several key players in the Russell 3000 index.

Cascading Activity for Chevron Corporation

Chevron Corporation (Symbol: CVX) is attracting attention with a total options trading volume of 34,110 contracts today. This figure translates to roughly 3.4 million underlying shares, as each contract represents 100 shares. This volume accounts for 49.8% of CVX’s average daily trading volume of 6.8 million shares over the past month. In particular, the $175 strike call option expiring on January 17, 2025, has recorded a notable volume of 15,898 contracts, equating to about 1.6 million shares. Below is a chart depicting CVX’s trading history over the past twelve months, with the $175 strike highlighted in orange:

Etsy Inc Sees Strong Options Engagement

Etsy Inc (Symbol: ETSY) is not far behind, with an options trading volume of 19,423 contracts today. This corresponds to approximately 1.9 million underlying shares, representing around 49% of its average daily trading volume of 4.0 million shares for the past month. An increased focus is noted for the $60 strike call option, which has seen 1,940 contracts traded, or about 194,000 underlying shares. Below is a chart illustrating ETSY’s trading history over the last year, showcasing the $60 strike in orange:

Nu Holdings Ltd Captures Significant Volume

Meanwhile, Nu Holdings Ltd (Symbol: NU) recorded a striking options trading volume of 111,692 contracts, which accounts for around 11.2 million shares—approximately 48.6% of its average daily trading volume of 23.0 million shares. The $16 strike call option expiring on November 15, 2024, has led this surge with 23,648 contracts traded, representing about 2.4 million underlying shares. The chart below illustrates NU’s trading history over the past twelve months, with the $16 strike highlighted in orange:

To explore the various options available for CVX, ETSY, or NU, visit StockOptionsChannel.com.

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