Notable Tuesday Option Activity: SFIX, FDX, PLTR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Stitch Fix Inc (Symbol: SFIX), where a total volume of 11,641 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80% of SFIX's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $3.50 strike put option expiring December 13, 2024, with 4,121 contracts trading so far today, representing approximately 412,100 underlying shares of SFIX. Below is a chart showing SFIX's trailing twelve month trading history, with the $3.50 strike highlighted in orange:

FedEx Corp (Symbol: FDX) options are showing a volume of 12,642 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 79.2% of FDX's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $330 strike call option expiring January 17, 2025, with 1,557 contracts trading so far today, representing approximately 155,700 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $330 strike highlighted in orange:

And Palantir Technologies Inc (Symbol: PLTR) saw options trading volume of 614,900 contracts, representing approximately 61.5 million underlying shares or approximately 75.4% of PLTR's average daily trading volume over the past month, of 81.6 million shares. Especially high volume was seen for the $75 strike call option expiring December 13, 2024, with 30,699 contracts trading so far today, representing approximately 3.1 million underlying shares of PLTR. Below is a chart showing PLTR's trailing twelve month trading history, with the $75 strike highlighted in orange:

For the various different available expirations for SFIX options, FDX options, or PLTR options, visit StockOptionsChannel.com.

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