Noteworthy Friday Option Activity: X, AVGO, KGS

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in United States Steel Corp. (Symbol: X), where a total of 86,423 contracts have traded so far, representing approximately 8.6 million underlying shares. That amounts to about 204.6% of X's average daily trading volume over the past month of 4.2 million shares. Particularly high volume was seen for the $40 strike put option expiring January 17, 2025, with 10,021 contracts trading so far today, representing approximately 1.0 million underlying shares of X. Below is a chart showing X's trailing twelve month trading history, with the $40 strike highlighted in orange:

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Broadcom Inc (Symbol: AVGO) saw options trading volume of 48,664 contracts, representing approximately 4.9 million underlying shares or approximately 186.6% of AVGO's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $1280 strike put option expiring February 23, 2024, with 1,460 contracts trading so far today, representing approximately 146,000 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $1280 strike highlighted in orange:

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And Kodiak Gas Services Inc (Symbol: KGS) options are showing a volume of 4,988 contracts thus far today. That number of contracts represents approximately 498,800 underlying shares, working out to a sizeable 154.2% of KGS's average daily trading volume over the past month, of 323,490 shares. Especially high volume was seen for the $25 strike put option expiring April 19, 2024, with 4,750 contracts trading so far today, representing approximately 475,000 underlying shares of KGS. Below is a chart showing KGS's trailing twelve month trading history, with the $25 strike highlighted in orange:

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For the various different available expirations for X options, AVGO options, or KGS options, visit StockOptionsChannel.com.

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

Also see:
• ATI market cap history
• PLBC Stock Predictions
• Top Ten Hedge Funds Holding EFUT

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

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