Notable Tuesday Option Activity: CVX, ETSY, NU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chevron Corporation (Symbol: CVX), where a total volume of 34,110 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.8% of CVX's average daily trading volume over the past month, of 6.8 million shares. Especially high volume was seen for the $175 strike call option expiring January 17, 2025, with 15,898 contracts trading so far today, representing approximately 1.6 million underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $175 strike highlighted in orange:

Etsy Inc (Symbol: ETSY) saw options trading volume of 19,423 contracts, representing approximately 1.9 million underlying shares or approximately 49% of ETSY's average daily trading volume over the past month, of 4.0 million shares. Especially high volume was seen for the $60 strike call option expiring January 17, 2025, with 1,940 contracts trading so far today, representing approximately 194,000 underlying shares of ETSY. Below is a chart showing ETSY's trailing twelve month trading history, with the $60 strike highlighted in orange:

And Nu Holdings Ltd (Symbol: NU) saw options trading volume of 111,692 contracts, representing approximately 11.2 million underlying shares or approximately 48.6% of NU's average daily trading volume over the past month, of 23.0 million shares. Especially high volume was seen for the $16 strike call option expiring November 15, 2024, with 23,648 contracts trading so far today, representing approximately 2.4 million underlying shares of NU. Below is a chart showing NU's trailing twelve month trading history, with the $16 strike highlighted in orange:

For the various different available expirations for CVX options, ETSY options, or NU options, visit StockOptionsChannel.com.

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