Surge in Options Trading: Pitney Bowes, Redfin, and First Solar Capture Attention

Today, options trading volumes surged for several companies in the Russell 3000 index, notably Pitney Bowes Inc, Redfin Corp, and First Solar Inc.

Pitney Bowes Sees Significant Activity

Pitney Bowes Inc (Symbol: PBI) experienced a remarkable options trading volume today, with a total of 23,446 contracts exchanged. This figure translates to roughly 2.3 million underlying shares, accounting for about 106.6% of PBI’s average daily trading volume of 2.2 million shares over the past month. The $9 strike call option expiring on February 14, 2025, led the activity with 5,459 contracts traded, representing around 545,900 underlying shares. Below is a chart highlighting PBI’s trading history over the past twelve months, with the $9 strike marked in orange:

Redfin’s Options Volatility

Redfin Corp (Symbol: RDFN) also saw significant options trading, with 44,761 contracts changing hands today. This number corresponds to about 4.5 million underlying shares, making up 104.4% of RDFN’s average daily trading volume of 4.3 million shares in the last month. In particular, the $8.50 strike call option, set to expire on February 21, 2025, garnered attention with 13,032 contracts traded, translating to around 1.3 million underlying shares. Here’s a chart displaying RDFN’s trading history for the past twelve months, with the $8.50 strike highlighted:

First Solar’s Strong Performance

Options for First Solar Inc (Symbol: FSLR) also showed a notable trading volume, reaching 25,127 contracts today. This volume represents approximately 2.5 million underlying shares, which is 102.1% of FSLR’s average daily trading volume of 2.5 million shares over the past month. The $177.50 strike call option, expiring on February 14, 2025, was particularly active, with 6,233 contracts traded, accounting for about 623,300 underlying shares. Below is a chart illustrating FSLR’s trading activity for the past twelve months, with the $177.50 strike denoted:

Explore More Options

For those interested in the different expiration options available for PBI, RDFN, or FSLR, additional information can be found at StockOptionsChannel.com.

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

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