Surge in Options Trading: Insights on Hubbell, Snowflake, and Lemonade

Investors are making substantial moves in options trading today, particularly with Hubbell Inc., Snowflake Inc., and Lemonade Inc. Let’s take a closer look at the highlights.

Hubbell Inc. (Symbol: HUBB) Sees High Options Activity

At the forefront of the Russell 3000 index, Hubbell Inc. has experienced significant options trading with 2,986 contracts exchanged, indicating around 298,600 underlying shares. This figure represents approximately 78.3% of HUBB’s average daily trading volume of 381,505 shares over the past month. Notably, the $450 strike call option expiring December 20, 2024, has garnered attention, with 1,804 contracts traded today, equaling about 180,400 underlying shares.

Strong Trading Volume in Snowflake Inc. (Symbol: SNOW)

Snowflake Inc. has also seen lively options trading, with 35,210 contracts changing hands. This substantial volume correlates to roughly 3.5 million underlying shares, amounting to 77.5% of SNOW’s average daily trading volume of 4.5 million shares over the last month. The $125 strike call option expiring November 08, 2024, led the trading with 1,697 contracts, representing approximately 169,700 underlying shares.

Lemonade Inc. (Symbol: LMND) Active in Options Market

Lemonade Inc. is not left behind, recording an options trading volume of 14,273 contracts, equivalent to about 1.4 million underlying shares. This volume comprises approximately 77.3% of LMND’s average daily trading volume of 1.8 million shares over the previous month. A significant portion of this activity is focused on the $26 strike put option expiring November 15, 2024, with 2,155 contracts traded today, representing around 215,500 underlying shares.

Explore More Options with Available Expirations

For additional information on available expirations for HUBB, SNOW, or LMND options, check out StockOptionsChannel.com.

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

Also see:

• GLOB Average Annual Return
• Institutional Holders of TTWO
• WSO Shares Outstanding History

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