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09 February
Notable Friday Option Activity: HRL, RXO, MEDP

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Hormel Foods Corp. (Symbol: HRL), where a total of 23,372 contracts have traded so far, representing approximately 2.3 million underlying shares. That amounts to about 77.7% of HRL's average daily trading volume over the past month of 3.0 million shares. Particularly high volume was seen for the $32 strike call option expiring March 15, 2024, with 10,254 contracts trading so far today, representing approximately 1.0 million underlying shares of HRL. Below is a chart showing HRL's trailing twelve month trading history, with the $32 strike highlighted in orange:

RXO Inc (Symbol: RXO) saw options trading volume of 5,245 contracts, representing approximately 524,500 underlying shares or approximately 77.4% of RXO's average daily trading volume over the past month, of 677,635 shares. Particularly high volume was seen for the $20 strike put option expiring February 16, 2024, with 4,007 contracts trading so far today, representing approximately 400,700 underlying shares of RXO. Below is a chart showing RXO's trailing twelve month trading history, with the $20 strike highlighted in orange:

And Medpace Holdings Inc (Symbol: MEDP) options are showing a volume of 1,162 contracts thus far today. That number of contracts represents approximately 116,200 underlying shares, working out to a sizeable 72.4% of MEDP's average daily trading volume over the past month, of 160,440 shares. Especially high volume was seen for the $290 strike put option expiring February 16, 2024, with 517 contracts trading so far today, representing approximately 51,700 underlying shares of MEDP. Below is a chart showing MEDP's trailing twelve month trading history, with the $290 strike highlighted in orange:

For the various different available expirations for HRL options, RXO options, or MEDP options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.