Noteworthy Wednesday Option Activity: SBUX, MATV, LC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 369,866 contracts has been traded thus far today, a contract volume which is representative of approximately 37.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 490.1% of SBUX's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $112 strike call option expiring January 31, 2025, with 32,021 contracts trading so far today, representing approximately 3.2 million underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $112 strike highlighted in orange:

Mativ Inc (Symbol: MATV) options are showing a volume of 18,546 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 437.8% of MATV's average daily trading volume over the past month, of 423,665 shares. Especially high volume was seen for the $10 strike call option expiring June 20, 2025, with 9,296 contracts trading so far today, representing approximately 929,600 underlying shares of MATV. Below is a chart showing MATV's trailing twelve month trading history, with the $10 strike highlighted in orange:

And LendingClub Corp (Symbol: LC) options are showing a volume of 25,393 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 163.8% of LC's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $17 strike call option expiring May 16, 2025, with 6,143 contracts trading so far today, representing approximately 614,300 underlying shares of LC. Below is a chart showing LC's trailing twelve month trading history, with the $17 strike highlighted in orange:

For the various different available expirations for SBUX options, MATV options, or LC options, visit StockOptionsChannel.com.

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