Notable Friday Option Activity: CVNA, TSLA, META

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By Ronald Tech

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Carvana Co (Symbol: CVNA), where a total volume of 189,331 contracts has been traded thus far today, a contract volume which is representative of approximately 18.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 663% of CVNA’s average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $180 strike put option expiring January 03, 2025, with 12,316 contracts trading so far today, representing approximately 1.2 million underlying shares of CVNA. Below is a chart showing CVNA’s trailing twelve month trading history, with the $180 strike highlighted in orange:

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Tesla Inc (Symbol: TSLA) saw options trading volume of 3.0 million contracts, representing approximately 298.7 million underlying shares or approximately 318.4% of TSLA’s average daily trading volume over the past month, of 93.8 million shares.
Especially high volume was seen for the $400 strike call option expiring January 03, 2025, with 178,722 contracts trading so far today, representing approximately 17.9 million underlying shares of TSLA. Below is a chart showing TSLA’s trailing twelve month trading history, with the $400 strike highlighted in orange:

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And Meta Platforms Inc (Symbol: META) options are showing a volume of 377,724 contracts thus far today. That number of contracts represents approximately 37.8 million underlying shares, working out to a sizeable 304.1% of META’s average daily trading volume over the past month, of 12.4 million shares.
Especially high volume was seen for the $605 strike call option expiring January 03, 2025, with 35,637 contracts trading so far today, representing approximately 3.6 million underlying shares of META. Below is a chart showing META’s trailing twelve month trading history, with the $605 strike highlighted in orange:

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For the various different available expirations for CVNA options, TSLA options, or META options, visit StockOptionsChannel.com.

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

Also see:

• SNT shares outstanding history
• Funds Holding CZAR
• AXNX shares outstanding history