Significant Wednesday Options Activity in ABR, MEG, and LOW

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Surge in Options Trading: Arbor Realty, Montrose Environmental, and Lowe’s Lead the Way

Arbor Realty Trust Options Activity

Among the notable companies in the Russell 3000 index, Arbor Realty Trust Inc (Symbol: ABR) has experienced significant options trading today. So far, 17,136 contracts have been traded, equating to approximately 1.7 million underlying shares. This figure represents roughly 66.6% of ABR’s average daily trading volume of 2.6 million shares over the past month. The most notable activity was observed in the $14 strike put option expiring on January 17, 2025, with 5,724 contracts trading, corresponding to about 572,400 underlying shares of ABR. Below is a chart detailing ABR’s trading history over the last twelve months, featuring the $14 strike highlighted in orange:

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Montrose Environmental Group Trading Insights

Montrose Environmental Group Inc (Symbol: MEG) witnessed a trading volume of 4,275 options contracts today, representing around 427,500 underlying shares. This volume amounts to about 54% of MEG’s average daily trading volume of 791,425 shares in the last month. A considerable portion of this activity came from the $30 strike call option, expiring on July 18, 2025, with 1,818 contracts traded thus far, which equates to approximately 181,800 underlying shares of MEG. The following chart illustrates MEG’s trading performance over the past twelve months, with the $30 strike emphasized in orange:

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Lowe’s Companies Sees Strong Options Activity

Lowe’s Companies Inc (Symbol: LOW) recorded an impressive options volume of 13,514 contracts today, correlating to approximately 1.4 million underlying shares. This activity represents a substantial 53.3% of LOW’s average daily trading volume of 2.5 million shares over the past month. Notably, the $277.50 strike call option expiring on November 29, 2024, accounted for high trading volume with 3,932 contracts changing hands, representing around 393,200 underlying shares of LOW. Below is the chart showcasing LOW’s trading history from the last twelve months, with the $277.50 strike highlighted in orange:

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For additional information about the varied expiration options available for ABR, MEG, or LOW, please visit StockOptionsChannel.com.

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

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