Notable Monday Option Activity: LITE, ACHR, RCAT

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Lumentum Holdings Inc (Symbol: LITE), where a total of 41,795 contracts have traded so far, representing approximately 4.2 million underlying shares. That amounts to about 91.6% of LITE's average daily trading volume over the past month of 4.6 million shares. Especially high volume was seen for the $540 strike put option expiring September 18, 2026, with 2,302 contracts trading so far today, representing approximately 230,200 underlying shares of LITE. Below is a chart showing LITE's trailing twelve month trading history, with the $540 strike highlighted in orange:

Archer Aviation Inc (Symbol: ACHR) saw options trading volume of 290,145 contracts, representing approximately 29.0 million underlying shares or approximately 87% of ACHR's average daily trading volume over the past month, of 33.3 million shares. Especially high volume was seen for the $10 strike call option expiring January 15, 2027, with 30,603 contracts trading so far today, representing approximately 3.1 million underlying shares of ACHR. Below is a chart showing ACHR's trailing twelve month trading history, with the $10 strike highlighted in orange:

And Red Cat Holdings Inc (Symbol: RCAT) options are showing a volume of 56,822 contracts thus far today. That number of contracts represents approximately 5.7 million underlying shares, working out to a sizeable 69.5% of RCAT's average daily trading volume over the past month, of 8.2 million shares. Especially high volume was seen for the $15 strike call option expiring October 16, 2026, with 16,832 contracts trading so far today, representing approximately 1.7 million underlying shares of RCAT. Below is a chart showing RCAT's trailing twelve month trading history, with the $15 strike highlighted in orange:

For the various different available expirations for LITE options, ACHR options, or RCAT options, visit StockOptionsChannel.com.

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

Further LITE Research:

• LITE shares outstanding history
• LITE RSI
• Dividend Paying Stocks

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