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05 June
Noteworthy Wednesday Option Activity: FLR, ACLS, CAVA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Fluor Corp. (Symbol: FLR), where a total volume of 5,479 contracts has been traded thus far today, a contract volume which is representative of approximately 547,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.8% of FLR's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $42.50 strike call option expiring June 21, 2024, with 1,919 contracts trading so far today, representing approximately 191,900 underlying shares of FLR. Below is a chart showing FLR's trailing twelve month trading history, with the $42.50 strike highlighted in orange:

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Axcelis Technologies Inc (Symbol: ACLS) options are showing a volume of 1,759 contracts thus far today. That number of contracts represents approximately 175,900 underlying shares, working out to a sizeable 44.4% of ACLS's average daily trading volume over the past month, of 396,435 shares. Especially high volume was seen for the $125 strike call option expiring June 21, 2024, with 413 contracts trading so far today, representing approximately 41,300 underlying shares of ACLS. Below is a chart showing ACLS's trailing twelve month trading history, with the $125 strike highlighted in orange:

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And CAVA Group Inc (Symbol: CAVA) saw options trading volume of 16,526 contracts, representing approximately 1.7 million underlying shares or approximately 44% of CAVA's average daily trading volume over the past month, of 3.8 million shares. Especially high volume was seen for the $95 strike call option expiring June 07, 2024, with 2,023 contracts trading so far today, representing approximately 202,300 underlying shares of CAVA. Below is a chart showing CAVA's trailing twelve month trading history, with the $95 strike highlighted in orange:

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For the various different available expirations for FLR options, ACLS options, or CAVA 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.