Noteworthy Friday Option Activity: ORKA, FIVE, PCT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Oruka Therapeutics Inc (Symbol: ORKA), where a total volume of 5,456 contracts has been traded thus far today, a contract volume which is representative of approximately 545,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.3% of ORKA’s average daily trading volume over the past month, of 724,100 shares. Especially high volume was seen for the $30 strike call option expiring January 16, 2026, with 1,819 contracts trading so far today, representing approximately 181,900 underlying shares of ORKA. Below is a chart showing ORKA’s trailing twelve month trading history, with the $30 strike highlighted in orange:

Five Below Inc (Symbol: FIVE) options are showing a volume of 7,969 contracts thus far today. That number of contracts represents approximately 796,900 underlying shares, working out to a sizeable 71.5% of FIVE’s average daily trading volume over the past month, of 1.1 million shares.
Particularly high volume was seen for the $220 strike call option expiring January 16, 2026, with 1,886 contracts trading so far today, representing approximately 188,600 underlying shares of FIVE. Below is a chart showing FIVE’s trailing twelve month trading history, with the $220 strike highlighted in orange:

And PureCycle Technologies Inc (Symbol: PCT) saw options trading volume of 27,453 contracts, representing approximately 2.7 million underlying shares or approximately 71.3% of PCT’s average daily trading volume over the past month, of 3.9 million shares.
Especially high volume was seen for the $11 strike put option expiring March 20, 2026, with 3,979 contracts trading so far today, representing approximately 397,900 underlying shares of PCT. Below is a chart showing PCT’s trailing twelve month trading history, with the $11 strike highlighted in orange:

For the various different available expirations for ORKA options, FIVE options, or PCT options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Insider Buying
• VONG YTD Return
• Funds Holding ETHO

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