Noteworthy Thursday Option Activity: ALK, BVS, UPS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alaska Air Group, Inc. (Symbol: ALK), where a total volume of 20,296 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.4% of ALK's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $42.50 strike put option expiring April 17, 2026, with 8,568 contracts trading so far today, representing approximately 856,800 underlying shares of ALK. Below is a chart showing ALK's trailing twelve month trading history, with the $42.50 strike highlighted in orange:

Bioventus Inc (Symbol: BVS) saw options trading volume of 1,873 contracts, representing approximately 187,300 underlying shares or approximately 63.8% of BVS's average daily trading volume over the past month, of 293,505 shares. Especially high volume was seen for the $7.50 strike call option expiring March 20, 2026, with 872 contracts trading so far today, representing approximately 87,200 underlying shares of BVS. Below is a chart showing BVS's trailing twelve month trading history, with the $7.50 strike highlighted in orange:

And United Parcel Service Inc (Symbol: UPS) saw options trading volume of 37,991 contracts, representing approximately 3.8 million underlying shares or approximately 63% of UPS's average daily trading volume over the past month, of 6.0 million shares. Particularly high volume was seen for the $112 strike call option expiring March 20, 2026, with 3,218 contracts trading so far today, representing approximately 321,800 underlying shares of UPS. Below is a chart showing UPS's trailing twelve month trading history, with the $112 strike highlighted in orange:

For the various different available expirations for ALK options, BVS options, or UPS options, visit StockOptionsChannel.com.

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

Also see:

• Mega Mergers
• ALTO Past Earnings
• ABEV Average Annual Return

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