Noteworthy Friday Option Activity: CVNA, UPST, PLTR

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Carvana Co (Symbol: CVNA), where a total of 34,191 contracts have traded so far, representing approximately 3.4 million underlying shares. That amounts to about 74.1% of CVNA's average daily trading volume over the past month of 4.6 million shares. Especially high volume was seen for the $65 strike put option expiring April 19, 2024, with 3,545 contracts trading so far today, representing approximately 354,500 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $65 strike highlighted in orange:

Upstart Holdings Inc (Symbol: UPST) saw options trading volume of 28,308 contracts, representing approximately 2.8 million underlying shares or approximately 58.3% of UPST's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $24 strike put option expiring April 05, 2024, with 2,099 contracts trading so far today, representing approximately 209,900 underlying shares of UPST. Below is a chart showing UPST's trailing twelve month trading history, with the $24 strike highlighted in orange:

And Palantir Technologies Inc (Symbol: PLTR) saw options trading volume of 288,224 contracts, representing approximately 28.8 million underlying shares or approximately 54.6% of PLTR's average daily trading volume over the past month, of 52.8 million shares. Particularly high volume was seen for the $23 strike call option expiring April 05, 2024, with 23,528 contracts trading so far today, representing approximately 2.4 million underlying shares of PLTR. Below is a chart showing PLTR's trailing twelve month trading history, with the $23 strike highlighted in orange:

For the various different available expirations for CVNA options, UPST options, or PLTR options, visit StockOptionsChannel.com.

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