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08 March
Noteworthy Friday Option Activity: IDT, CAVA, AMAT

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in IDT Corp (Symbol: IDT), where a total of 343 contracts have traded so far, representing approximately 34,300 underlying shares. That amounts to about 45.8% of IDT's average daily trading volume over the past month of 74,950 shares. Particularly high volume was seen for the $47 strike call option expiring September 20, 2024, with 35 contracts trading so far today, representing approximately 3,500 underlying shares of IDT. Below is a chart showing IDT's trailing twelve month trading history, with the $47 strike highlighted in orange:

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CAVA Group Inc (Symbol: CAVA) options are showing a volume of 12,351 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 44.4% of CAVA's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $70 strike call option expiring March 28, 2024, with 1,675 contracts trading so far today, representing approximately 167,500 underlying shares of CAVA. Below is a chart showing CAVA's trailing twelve month trading history, with the $70 strike highlighted in orange:

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And Applied Materials, Inc. (Symbol: AMAT) options are showing a volume of 35,034 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 43.8% of AMAT's average daily trading volume over the past month, of 8.0 million shares. Especially high volume was seen for the $225 strike call option expiring March 15, 2024, with 3,258 contracts trading so far today, representing approximately 325,800 underlying shares of AMAT. Below is a chart showing AMAT's trailing twelve month trading history, with the $225 strike highlighted in orange:

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For the various different available expirations for IDT options, CAVA options, or AMAT options, visit StockOptionsChannel.com.

Also see:

Warren Buffett Dividend Stock Portfolio
ASPS Insider Buying
Institutional Holders of LMOS

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