Albemarle Corp. (ALB)
Examining the options trading frenzy within the Russell 3000 index today, one can’t help but cast a discerning eye on Albemarle Corp.’s (ALB) noteworthy activity. With a total volume of 11,966 contracts traded so far today, depicting an equivalent of approximately 1.2 million underlying shares, this surge commands attention. The 44% correlation with ALB’s daily trading average over the past month is nothing short of impressive. In a standout display, the $70 strike put option expiring December 20, 2024, stole the spotlight with 3,546 contracts traded, symbolizing around 354,600 underlying shares of ALB. The intensity of this activity is vividly captured in the chart below, emphasizing the $70 strike in a brilliant orange hue:
RTX Corp
On the other end of the spectrum lies RTX Corp’s (RTX) options, showcasing a robust volume of 20,341 contracts traded today. This figure mirrors around 2.0 million underlying shares, representing a commanding 44% of RTX’s average daily trading volume over the past month, standing at 4.6 million shares. The $128 strike call option expiring on November 15, 2024, stood out with 1,074 contracts exchanged today, symbolizing close to 107,400 underlying shares of RTX. A glance at RTX’s trading history, with the $128 strike shining brightly in orange, elucidates the fervor of today’s trading scenario:
Sunrun Inc (RUN)
Lastly, Sunrun Inc’s (RUN) trading landscape unfolds with an impactful volume of 25,308 contracts traded thus far today, embodying about 2.5 million underlying shares. This activity represents a substantial 42.4% of RUN’s average daily trading volume over the past month, clocking in at 6.0 million shares. Of particular interest was the $14 strike call option expiring on October 25, 2024, with 1,576 contracts in play today, translating to approximately 157,600 underlying shares of RUN. The vivid illustration of RUN’s trading history, accentuating the $14 strike in a vibrant orange tone, encapsulates the essence of today’s trading dynamics:
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