Spike in Options Trading: Key Players in Focus

Options trading volumes have surged across several notable companies within the Russell 3000 index today, with significant activity seen in CloudFlare Inc, Teladoc Health Inc, and United States Steel Corp.

CloudFlare (NET) Sees High Activity

In CloudFlare Inc (Symbol: NET), a striking 34,118 contracts have changed hands, translating to approximately 3.4 million underlying shares. This represents about 108.6% of NET’s average daily trading volume of 3.1 million shares over the past month. Notably, the $110 strike call option expiring on December 20, 2024, has gained the most attention, with 1,967 contracts traded, equating to about 196,700 underlying shares. Below is a chart illustrating NET’s trading history over the past twelve months, highlighted with the $110 strike option:

Teladoc Health (TDOC) Options Volume Rises

Options trading for Teladoc Health Inc (Symbol: TDOC) has also been robust, reaching a total of 66,439 contracts today. This figure indicates around 6.6 million underlying shares, or 107.9% of TDOC’s average daily trading volume of 6.2 million shares in the past month. The $10 strike call option set to expire on November 22, 2024, has experienced particularly high activity, with 24,575 contracts trading, which represents about 2.5 million underlying shares. Below is a chart showing TDOC’s twelve-month trading history, with the $10 strike option highlighted:

United States Steel Corp. (X) Options Performance

United States Steel Corp. (Symbol: X) has reported options trading volumes of 56,184 contracts so far today. This equates to around 5.6 million underlying shares or 106% of X’s average daily trading volume of 5.3 million shares over the last month. The $45 strike call option set to expire on December 20, 2024, has been particularly notable, with 10,420 contracts traded, representing approximately 1 million underlying shares. Below is a chart reflecting X’s trading history over the past twelve months, with the $45 strike option highlighted:

For more information on the various available expirations for options on NET, TDOC, and X, visit StockOptionsChannel.com.

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

Also see:

• Broker Darlings
• TREE Stock Predictions
• IWR market cap history

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