Notable Monday Option Activity: NVAX, GCT, DAL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Novavax, Inc. (Symbol: NVAX), where a total volume of 33,206 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.3% of NVAX's average daily trading volume over the past month, of 7.2 million shares. Especially high volume was seen for the $17.50 strike call option expiring October 18, 2024, with 4,271 contracts trading so far today, representing approximately 427,100 underlying shares of NVAX. Below is a chart showing NVAX's trailing twelve month trading history, with the $17.50 strike highlighted in orange:

GigaCloud Technology Inc (Symbol: GCT) options are showing a volume of 5,465 contracts thus far today. That number of contracts represents approximately 546,500 underlying shares, working out to a sizeable 46.2% of GCT's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $25 strike call option expiring January 17, 2025, with 2,952 contracts trading so far today, representing approximately 295,200 underlying shares of GCT. Below is a chart showing GCT's trailing twelve month trading history, with the $25 strike highlighted in orange:

And Delta Air Lines Inc (Symbol: DAL) saw options trading volume of 40,573 contracts, representing approximately 4.1 million underlying shares or approximately 43.9% of DAL's average daily trading volume over the past month, of 9.2 million shares. Particularly high volume was seen for the $55 strike call option expiring December 20, 2024, with 4,199 contracts trading so far today, representing approximately 419,900 underlying shares of DAL. Below is a chart showing DAL's trailing twelve month trading history, with the $55 strike highlighted in orange:

For the various different available expirations for NVAX options, GCT options, or DAL options, visit StockOptionsChannel.com.

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

Also see:

• Institutional Holders of GDVD
• Top Ten Hedge Funds Holding WKME
• CNNE Options Chain

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