Noteworthy Tuesday Option Activity: CVNA, X, ARQT

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Carvana Co (Symbol: CVNA), where a total of 33,097 contracts have traded so far, representing approximately 3.3 million underlying shares. That amounts to about 134.8% of CVNA’s average daily trading volume over the past month of 2.5 million shares. Especially high volume was seen for the $260 strike call option expiring January 17, 2025, with 5,092 contracts trading so far today, representing approximately 509,200 underlying shares of CVNA. Below is a chart showing CVNA’s trailing twelve month trading history, with the $260 strike highlighted in orange:

United States Steel Corp. (Symbol: X) options are showing a volume of 82,842 contracts thus far today. That number of contracts represents approximately 8.3 million underlying shares, working out to a sizeable 133.2% of X’s average daily trading volume over the past month, of 6.2 million shares.
Particularly high volume was seen for the $55 strike call option expiring January 17, 2025, with 13,436 contracts trading so far today, representing approximately 1.3 million underlying shares of X. Below is a chart showing X’s trailing twelve month trading history, with the $55 strike highlighted in orange:

And Arcutis Biotherapeutics Inc (Symbol: ARQT) saw options trading volume of 21,928 contracts, representing approximately 2.2 million underlying shares or approximately 117.5% of ARQT’s average daily trading volume over the past month, of 1.9 million shares.
Especially high volume was seen for the $15 strike call option expiring December 20, 2024, with 14,964 contracts trading so far today, representing approximately 1.5 million underlying shares of ARQT. Below is a chart showing ARQT’s trailing twelve month trading history, with the $15 strike highlighted in orange:

For the various different available expirations for CVNA options, X options, or ARQT options, visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding TBIL
• TGH market cap history
• DALN 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.