Notable Monday Option Activity: UPST, GME, IMXI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Upstart Holdings Inc (Symbol: UPST), where a total volume of 35,483 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 83.9% of UPST's average daily trading volume over the past month, of 4.2 million shares. Particularly high volume was seen for the $26 strike call option expiring October 27, 2023, with 3,162 contracts trading so far today, representing approximately 316,200 underlying shares of UPST. Below is a chart showing UPST's trailing twelve month trading history, with the $26 strike highlighted in orange:

GameStop Corp (Symbol: GME) saw options trading volume of 28,317 contracts, representing approximately 2.8 million underlying shares or approximately 83.1% of GME's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $15 strike call option expiring October 27, 2023, with 4,454 contracts trading so far today, representing approximately 445,400 underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $15 strike highlighted in orange:

And International Money Express Inc (Symbol: IMXI) options are showing a volume of 1,957 contracts thus far today. That number of contracts represents approximately 195,700 underlying shares, working out to a sizeable 73.5% of IMXI's average daily trading volume over the past month, of 266,290 shares. Particularly high volume was seen for the $15 strike put option expiring November 17, 2023, with 668 contracts trading so far today, representing approximately 66,800 underlying shares of IMXI. Below is a chart showing IMXI's trailing twelve month trading history, with the $15 strike highlighted in orange:

For the various different available expirations for UPST options, GME options, or IMXI options, visit StockOptionsChannel.com.

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