Notable Tuesday Option Activity: RIVN, CORT, AAOI
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Rivian Automotive Inc (Symbol: RIVN), where a total volume of 107,237 contracts has been traded thus far today, a contract volume which is representative of approximately 10.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.6% of RIVN's average daily trading volume over the past month, of 20.8 million shares. Particularly high volume was seen for the $15 strike call option expiring October 02, 2026, with 16,416 contracts trading so far today, representing approximately 1.6 million underlying shares of RIVN. Below is a chart showing RIVN's trailing twelve month trading history, with the $15 strike highlighted in orange:
Corcept Therapeutics Inc (Symbol: CORT) options are showing a volume of 8,945 contracts thus far today. That number of contracts represents approximately 894,500 underlying shares, working out to a sizeable 51.3% of CORT's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $95 strike put option expiring January 15, 2027, with 4,223 contracts trading so far today, representing approximately 422,300 underlying shares of CORT. Below is a chart showing CORT's trailing twelve month trading history, with the $95 strike highlighted in orange:
And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 33,042 contracts, representing approximately 3.3 million underlying shares or approximately 49.1% of AAOI's average daily trading volume over the past month, of 6.7 million shares. Particularly high volume was seen for the $110 strike call option expiring October 02, 2026, with 3,938 contracts trading so far today, representing approximately 393,800 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $110 strike highlighted in orange:
For the various different available expirations for RIVN options, CORT options, or AAOI options, visit StockOptionsChannel.com.
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