Wednesday Highlights: Key Options Activity in GPI, MARA, MO

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On October 10, 2023, Group 1 Automotive, Inc. (GPI) experienced significant trading activity, with a total volume of 720 contracts, equating to approximately 72,000 underlying shares. This volume represents 43% of GPI’s average daily trading volume of 167,340 shares. Notably, the $390 strike put option expiring November 21, 2025, had 351 contracts traded, or about 35,100 underlying shares.

Marathon Digital Holdings Inc (MARA) recorded a substantial volume of 281,621 contracts, indicating approximately 28.2 million underlying shares traded, which is 42.8% of its average daily trading volume of 65.8 million shares. The $19 strike call option expiring September 26, 2025, saw 16,024 contracts traded, representing about 1.6 million underlying shares.

Altria Group Inc (MO) also saw active trading with 34,910 contracts, translating to around 3.5 million underlying shares, or 41.8% of its average daily volume of 8.4 million shares. In particular, the $66 strike call option expiring September 26, 2025, had 24,939 contracts traded, equating to approximately 2.5 million underlying shares.

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