Noteworthy Wednesday Option Activity: SAVE, QCOM, LITE

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Spirit Airlines Inc (Symbol: SAVE), where a total of 4,817 contracts have traded so far, representing approximately 481,700 underlying shares. That amounts to about 55.7% of SAVE's average daily trading volume over the past month of 864,965 shares. Particularly high volume was seen for the $12.50 strike put option expiring January 17, 2025, with 697 contracts trading so far today, representing approximately 69,700 underlying shares of SAVE. Below is a chart showing SAVE's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

Qualcomm Inc (Symbol: QCOM) options are showing a volume of 42,820 contracts thus far today. That number of contracts represents approximately 4.3 million underlying shares, working out to a sizeable 53.4% of QCOM's average daily trading volume over the past month, of 8.0 million shares. Particularly high volume was seen for the $130 strike put option expiring June 16, 2023, with 3,019 contracts trading so far today, representing approximately 301,900 underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $130 strike highlighted in orange: