Notable Thursday Option Activity: PYPL, NVAX, AIR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 57,104 contracts has been traded thus far today, a contract volume which is representative of approximately 5.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.3% of PYPL's average daily trading volume over the past month, of 10.3 million shares. Especially high volume was seen for the $76 strike call option expiring July 18, 2025, with 4,774 contracts trading so far today, representing approximately 477,400 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $76 strike highlighted in orange:

Novavax, Inc. (Symbol: NVAX) options are showing a volume of 25,979 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 55.1% of NVAX's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $7.50 strike put option expiring January 16, 2026, with 10,001 contracts trading so far today, representing approximately 1.0 million underlying shares of NVAX. Below is a chart showing NVAX's trailing twelve month trading history, with the $7.50 strike highlighted in orange:

And AAR Corp (Symbol: AIR) saw options trading volume of 1,798 contracts, representing approximately 179,800 underlying shares or approximately 52.4% of AIR's average daily trading volume over the past month, of 343,225 shares. Particularly high volume was seen for the $85 strike call option expiring July 18, 2025, with 235 contracts trading so far today, representing approximately 23,500 underlying shares of AIR. Below is a chart showing AIR's trailing twelve month trading history, with the $85 strike highlighted in orange:

For the various different available expirations for PYPL options, NVAX options, or AIR options, visit StockOptionsChannel.com.

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

Also see:

• ETFs Holding UBNT
• Institutional Holders of MTMT
• QDEF YTD Return

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