Noteworthy Tuesday Option Activity: HUN, GME, ALK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Huntsman Corp (Symbol: HUN), where a total volume of 28,409 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 137.3% of HUN's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $18 strike put option expiring September 20, 2024, with 28,161 contracts trading so far today, representing approximately 2.8 million underlying shares of HUN. Below is a chart showing HUN's trailing twelve month trading history, with the $18 strike highlighted in orange:

GameStop Corp (Symbol: GME) saw options trading volume of 84,329 contracts, representing approximately 8.4 million underlying shares or approximately 80.9% of GME's average daily trading volume over the past month, of 10.4 million shares. Particularly high volume was seen for the $22 strike call option expiring August 16, 2024, with 7,994 contracts trading so far today, representing approximately 799,400 underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $22 strike highlighted in orange:

And Alaska Air Group, Inc. (Symbol: ALK) saw options trading volume of 18,414 contracts, representing approximately 1.8 million underlying shares or approximately 78.3% of ALK's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $37.50 strike call option expiring October 18, 2024, with 10,120 contracts trading so far today, representing approximately 1.0 million underlying shares of ALK. Below is a chart showing ALK's trailing twelve month trading history, with the $37.50 strike highlighted in orange:

For the various different available expirations for HUN options, GME options, or ALK options, visit StockOptionsChannel.com.

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