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High Options Trading Volume Noted for BBAI, PCT, and GEO

Significant trading activity in options for BBAI, PCT, and GEO raises investor interest. These movements could critically affect stock prices moving forward.

Date: 
AI Rating:   6

Options Trading Volume Overview
Today's report highlights noteworthy options trading activity among three companies in the Russell 3000 index: BigBear.ai Holdings Inc (BBAI), PureCycle Technologies Inc (PCT), and GEO Group Inc (GEO). Each has seen a substantial increase in options contracts, indicating heightened investor interest, which can influence future stock prices.

BigBear.ai Holdings Inc (BBAI)
BBAI experienced an impressive total options volume of 268,055 contracts. This translates to approximately 26.8 million underlying shares being traded, which amounts to about 77.3% of its average daily trading volume of the past month (34.7 million shares). The substantial trading activity particularly focused on the $6 strike call option expiring February 21, 2025, with 41,713 contracts contributing around 4.2 million underlying shares.

PureCycle Technologies Inc (PCT)
PCT also showed significant options trading, with 14,918 contracts traded, equivalent to approximately 1.5 million underlying shares. This represents around 75.1% of its average daily trading volume of 2.0 million shares. The $10 strike call option expiring January 16, 2026, was the focal point with 2,018 contracts, indicating considerable investor interest in future performance.

GEO Group Inc (GEO)
GEO’s options trading volume was notable as well, with 23,762 contracts traded, corresponding to approximately 2.4 million underlying shares, or about 75% of its average daily trading volume of 3.2 million shares. The $40 strike call option expiring June 20, 2025, saw particularly high trading volume with 3,913 contracts.

This surge in options trading across these firms suggests that investors are positioning themselves for potential movement in stock prices, either upwards or downwards, based on their strategies surrounding these options.