Wesco International and Other Russell 3000 Companies Experience Surge in Options Trading
High Volume of Contracts Draws Attention
Analyzing the options trading activity among Russell 3000 index components, Wesco International, Inc. (Symbol: WCC) is seeing significant interest today. Thus far, a total of 13,577 contracts have been traded, equal to around 1.4 million underlying shares since one contract represents 100 shares. This trading volume is an impressive 180.4% of WCC’s average daily trading volume of 752,525 shares over the last month. A notable portion of today’s activity centers around the $220 strike call option, expiring on January 17, 2025, with 9,957 contracts traded—translating to approximately 995,700 underlying shares. The chart below illustrates WCC’s trailing twelve-month trading history, highlighting the $220 strike option in orange:
Next up is Praxis Precision Medicines Inc (Symbol: PRAX), which has recorded options trading volume of 3,797 contracts. This is equivalent to approximately 379,700 underlying shares, or about 168.9% of PRAX’s average daily trading volume of 224,805 shares during the past month. The $90 strike call option expiring on December 20, 2024, has attracted considerable interest, with 1,007 contracts traded today and representing roughly 100,700 underlying shares. Below is a chart that reflects PRAX’s trading history over the past year, with the $90 strike highlighted:
Finally, Krystal Biotech Inc (Symbol: KRYS) reported an options trading volume of 3,037 contracts. This equates to about 303,700 underlying shares, or 161.6% of KRYS’s average daily trading volume of 187,910 shares in the previous month. The $195 strike call option, set to expire on November 15, 2024, has seen high volume today with 1,501 contracts traded, representing approximately 150,100 underlying shares. The chart below shows KRYS’s trading history from the past year, with the $195 strike highlighted in orange:
To explore further available expirations for options on WCC, PRAX, or KRYS, visit StockOptionsChannel.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
