Notable Friday Option Activity: APP, ERAS, CRDO
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applovin Corp (Symbol: APP), where a total volume of 44,303 contracts has been traded thus far today, a contract volume which is representative of approximately 4.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.5% of APP's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $320 strike call option expiring September 25, 2026, with 14,352 contracts trading so far today, representing approximately 1.4 million underlying shares of APP. Below is a chart showing APP's trailing twelve month trading history, with the $320 strike highlighted in orange:
Erasca Inc (Symbol: ERAS) saw options trading volume of 40,405 contracts, representing approximately 4.0 million underlying shares or approximately 82.6% of ERAS's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $15 strike call option expiring October 16, 2026, with 12,674 contracts trading so far today, representing approximately 1.3 million underlying shares of ERAS. Below is a chart showing ERAS's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Credo Technology Group Holding Ltd (Symbol: CRDO) options are showing a volume of 65,665 contracts thus far today. That number of contracts represents approximately 6.6 million underlying shares, working out to a sizeable 70% of CRDO's average daily trading volume over the past month, of 9.4 million shares. Particularly high volume was seen for the $195 strike call option expiring September 25, 2026, with 6,596 contracts trading so far today, representing approximately 659,600 underlying shares of CRDO. Below is a chart showing CRDO's trailing twelve month trading history, with the $195 strike highlighted in orange:
For the various different available expirations for APP options, ERAS options, or CRDO options, visit StockOptionsChannel.com.
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