Noteworthy Tuesday Option Activity: TRNS, CAVA, QGEN

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Transcat Inc (Symbol: TRNS), where a total of 1,479 contracts have traded so far, representing approximately 147,900 underlying shares. That amounts to about 105.5% of TRNS's average daily trading volume over the past month of 140,150 shares. Particularly high volume was seen for the $105 strike call option expiring August 21, 2026, with 1,450 contracts trading so far today, representing approximately 145,000 underlying shares of TRNS. Below is a chart showing TRNS's trailing twelve month trading history, with the $105 strike highlighted in orange:

CAVA Group Inc (Symbol: CAVA) options are showing a volume of 34,512 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 100% of CAVA's average daily trading volume over the past month, of 3.5 million shares. Especially high volume was seen for the $50 strike put option expiring August 14, 2026, with 6,040 contracts trading so far today, representing approximately 604,000 underlying shares of CAVA. Below is a chart showing CAVA's trailing twelve month trading history, with the $50 strike highlighted in orange:

And Qiagen NV (Symbol: QGEN) saw options trading volume of 21,543 contracts, representing approximately 2.2 million underlying shares or approximately 88% of QGEN's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $45 strike call option expiring August 21, 2026, with 20,449 contracts trading so far today, representing approximately 2.0 million underlying shares of QGEN. Below is a chart showing QGEN's trailing twelve month trading history, with the $45 strike highlighted in orange:

For the various different available expirations for TRNS options, CAVA options, or QGEN options, visit StockOptionsChannel.com.

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

Further TRNS Research:

• Institutional Holders of TRNS
• TRNS Historical Stock Prices
• Stocks Conducting Buybacks That Hedge Funds Are Selling

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