On September 27, 2023, substantial trading activity was recorded in the options market for several companies within the Russell 3000 index. Meta Platforms Inc (Symbol: META) saw a notable volume of 719,414 contracts traded, equating to approximately 71.9 million underlying shares, which reflects 299.4% of its average daily trading volume of 24 million shares. A significant focus was on the $740 strike call option expiring on September 30, 2026, with 54,597 contracts traded, representing about 5.5 million underlying shares.
GameStop Corp (Symbol: GME) also experienced heavy trading, with 232,660 contracts exchanged, amounting to roughly 23.3 million underlying shares, demonstrating 238.1% of its average daily trading volume of 9.8 million shares. The $25 strike call option expiring on October 2, 2026, was particularly active, with 28,633 contracts traded, representing 2.9 million underlying shares.
Additionally, Talen Energy Corporation (Symbol: TLN) reported 17,126 contracts traded, representing about 1.7 million underlying shares, which is 225% of its average daily trading volume of 761,225 shares. The $310 strike call option expiring on January 15, 2027, showed heightened interest with 2,502 contracts traded, equating to 250,200 underlying shares.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
