Surge in Options Trading for Ulta Beauty, PVH, and ON Semiconductor

Notable activity in the options market highlights strong interest in Ulta Beauty Inc, PVH Corp, and ON Semiconductor Corp.

In today’s options trading within the Russell 3000 index, Ulta Beauty Inc (Symbol: ULTA) stands out. As of now, 8,191 contracts have traded, equating to approximately 819,100 underlying shares, as each contract represents 100 shares. This volume accounts for 83.2% of ULTA’s average daily trading volume of 984,295 shares over the last month. A significant number of trades occurred for the $435 strike call option set to expire on December 13, 2024, with 1,052 contracts trading, translating to about 105,200 underlying shares. Below is a chart depicting ULTA’s trading history over the past twelve months, with the $435 strike highlighted in orange:

Similarly, options for PVH Corp (Symbol: PVH) showed considerable activity today, with 5,577 contracts traded. This represents around 557,700 underlying shares, which is 82.3% of PVH’s average daily trading volume of 677,710 shares over the past month. The $115 strike call option expiring on December 20, 2024, is particularly noteworthy, seeing 1,224 contracts change hands—equating to approximately 122,400 underlying shares. The chart below illustrates PVH’s twelve-month trading trends, with the $115 strike highlighted in orange:

ON Semiconductor Corp (Symbol: ON) had a remarkable trading volume today, with 44,782 contracts exchanged. This number corresponds to nearly 4.5 million underlying shares, which is about 79.9% of ON’s average daily trading volume of 5.6 million shares over the past month. Notably, the $60 strike put option set to expire on January 17, 2025, experienced high activity with 6,250 contracts traded, representing around 625,000 underlying shares. Below, the chart shows ON’s trading history for the past twelve months, with the $60 strike highlighted in orange:

For more details on the various expirations available for ULTA, PVH, or ON options, visit StockOptionsChannel.com.

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