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11 July
Notable Thursday Option Activity: QS, CVNA, PRAX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in QuantumScape Corp (Symbol: QS), where a total volume of 178,153 contracts has been traded thus far today, a contract volume which is representative of approximately 17.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 333.1% of QS's average daily trading volume over the past month, of 5.3 million shares. Particularly high volume was seen for the $7 strike call option expiring July 19, 2024, with 15,011 contracts trading so far today, representing approximately 1.5 million underlying shares of QS. Below is a chart showing QS's trailing twelve month trading history, with the $7 strike highlighted in orange:

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Carvana Co (Symbol: CVNA) options are showing a volume of 59,915 contracts thus far today. That number of contracts represents approximately 6.0 million underlying shares, working out to a sizeable 120.9% of CVNA's average daily trading volume over the past month, of 5.0 million shares. Especially high volume was seen for the $130 strike call option expiring July 19, 2024, with 5,543 contracts trading so far today, representing approximately 554,300 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $130 strike highlighted in orange:

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And Praxis Precision Medicines Inc (Symbol: PRAX) options are showing a volume of 6,186 contracts thus far today. That number of contracts represents approximately 618,600 underlying shares, working out to a sizeable 111% of PRAX's average daily trading volume over the past month, of 557,120 shares. Particularly high volume was seen for the $55 strike call option expiring July 19, 2024, with 1,002 contracts trading so far today, representing approximately 100,200 underlying shares of PRAX. Below is a chart showing PRAX's trailing twelve month trading history, with the $55 strike highlighted in orange:

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For the various different available expirations for QS options, CVNA options, or PRAX options, visit StockOptionsChannel.com.

Also see:

SPGI Dividend History
M and T Bank Average Annual Return
CTRE Next Dividend Date

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