Significant Wednesday Options Trading: MRVL, YOU, FLG

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On October 4, 2023, Marvell Technology Inc (MRVL) experienced significant options trading, with a total of 60,373 contracts exchanged, equating to approximately 6.0 million underlying shares. This figure represents about 47.7% of MRVL’s average daily trading volume of 12.6 million shares over the past month. Notably, the $125 strike call option expiring on February 27, 2026, saw a high volume of 4,028 contracts traded, corresponding to around 402,800 underlying shares.

Clear Secure Inc (YOU) also showed marked activity, with 6,340 contracts traded, representing roughly 634,000 underlying shares or 47% of its average daily trading volume of 1.3 million shares. The $30 strike put option, expiring February 20, 2026, accounted for 2,510 contracts traded, equating to about 251,000 underlying shares.

Flagstar Bank (FLG) reported a trading volume of 22,380 contracts, representing about 2.2 million underlying shares and 44.9% of its average daily trading volume of 5.0 million shares. The $14 strike call option, expiring February 20, 2026, was particularly active with 20,019 contracts traded, translating to approximately 2.0 million underlying shares.

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