Noteworthy Wednesday Option Activity: APP, GCI, NXT

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applovin Corp (Symbol: APP), where a total of 50,749 contracts have traded so far, representing approximately 5.1 million underlying shares. That amounts to about 65.7% of APP's average daily trading volume over the past month of 7.7 million shares. Especially high volume was seen for the $315 strike put option expiring December 20, 2024, with 1,743 contracts trading so far today, representing approximately 174,300 underlying shares of APP. Below is a chart showing APP's trailing twelve month trading history, with the $315 strike highlighted in orange:

Gannett Co Inc (Symbol: GCI) saw options trading volume of 4,866 contracts, representing approximately 486,600 underlying shares or approximately 62.3% of GCI's average daily trading volume over the past month, of 780,900 shares. Particularly high volume was seen for the $6 strike call option expiring April 17, 2025, with 4,851 contracts trading so far today, representing approximately 485,100 underlying shares of GCI. Below is a chart showing GCI's trailing twelve month trading history, with the $6 strike highlighted in orange:

And Nextracker Inc (Symbol: NXT) saw options trading volume of 12,389 contracts, representing approximately 1.2 million underlying shares or approximately 60.6% of NXT's average daily trading volume over the past month, of 2.0 million shares. Especially high volume was seen for the $50 strike call option expiring May 16, 2025, with 3,076 contracts trading so far today, representing approximately 307,600 underlying shares of NXT. Below is a chart showing NXT's trailing twelve month trading history, with the $50 strike highlighted in orange:

For the various different available expirations for APP options, GCI options, or NXT options, visit StockOptionsChannel.com.

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