Notable Friday Option Activity: WEST, GXO, MKL

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Westrock Coffee Co (Symbol: WEST), where a total of 2,285 contracts have traded so far, representing approximately 228,500 underlying shares. That amounts to about 112.7% of WEST's average daily trading volume over the past month of 202,820 shares. Particularly high volume was seen for the $8 strike put option expiring September 20, 2024, with 2,001 contracts trading so far today, representing approximately 200,100 underlying shares of WEST. Below is a chart showing WEST's trailing twelve month trading history, with the $8 strike highlighted in orange:

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GXO Logistics Inc (Symbol: GXO) options are showing a volume of 7,122 contracts thus far today. That number of contracts represents approximately 712,200 underlying shares, working out to a sizeable 108.6% of GXO's average daily trading volume over the past month, of 655,675 shares. Particularly high volume was seen for the $60 strike call option expiring February 16, 2024, with 2,509 contracts trading so far today, representing approximately 250,900 underlying shares of GXO. Below is a chart showing GXO's trailing twelve month trading history, with the $60 strike highlighted in orange:

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And Markel Group Inc (Symbol: MKL) options are showing a volume of 552 contracts thus far today. That number of contracts represents approximately 55,200 underlying shares, working out to a sizeable 108% of MKL's average daily trading volume over the past month, of 51,110 shares. Particularly high volume was seen for the $1320 strike put option expiring July 19, 2024, with 104 contracts trading so far today, representing approximately 10,400 underlying shares of MKL. Below is a chart showing MKL's trailing twelve month trading history, with the $1320 strike highlighted in orange:

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For the various different available expirations for WEST options, GXO options, or MKL options, visit StockOptionsChannel.com.

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