Options

Noteworthy Wednesday Option Activity: ONON, NVAX, COMM

In today’s options trading landscape, notable activity has emerged among several components of the Russell 3000 index. One standout is On Holding AG (Symbol: ONON), which has seen a remarkable total volume of 45,419 contracts traded so far. This volume translates to approximately 4.5 million underlying shares, given that each contract represents 100 shares. Impressively, this figure accounts for 85.2% of ONON’s average daily trading volume over the past month, which stands at 5.3 million shares.

A particularly significant spike in volume was observed for the $46.50 strike call option expiring October 17, 2025. Today, 15,157 contracts have traded, representing around 1.5 million underlying shares of ONON. Below is a chart illustrating ONON’s trading history over the past twelve months, with the $46.50 strike highlighted in orange:

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Next, we turn our attention to Novavax, Inc. (Symbol: NVAX), which has recorded an options volume of 36,318 contracts today. This volume corresponds to approximately 3.6 million underlying shares, making up 82.7% of NVAX’s average daily trading volume of 4.4 million shares over the past month.

A notable highlight for NVAX is the $9.50 strike call option expiring October 03, 2025, which has seen 8,136 contracts traded today, equating to about 813,600 underlying shares. Below is a chart depicting NVAX’s trading history over the last twelve months, with the $9.50 strike highlighted in orange:

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Lastly, CommScope Holding Co Inc (Symbol: COMM) has also shown significant options activity, with a total of 42,534 contracts traded today. This volume represents approximately 4.3 million underlying shares, accounting for 79.8% of COMM’s average daily trading volume of 5.3 million shares over the past month.

The $16 strike call option expiring November 21, 2025 has particularly high volume, with 19,722 contracts traded today, representing around 2.0 million underlying shares of COMM. Below is a chart showing COMM’s trading history over the past twelve months, with the $16 strike highlighted in orange:

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For those interested in exploring various available expirations for ONON options, NVAX options, or COMM 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.