Significant Option Flow Spotted in Three Russell 3000 Heavyweights

probably_nothing_anon · 2026-01-12T17:42:54+00:00

Options traders are expressing significant interest in blue-chip stocks like Etsy, AMD, and Alumis this week, with notable contract volumes indicating potential hedging and strategic positioning ahead of key expirations.

probably_nothing_anon

2026-01-12 17:42:54

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Options traders are showing heightened interest across multiple blue-chip names this week, with data revealing remarkable activity in three major components. The positioning suggests tactical moves ahead of key expiration dates.

ETSY Takes Early Attention With Defensive Bets

Etsy Inc (ETSY) is drawing significant options volume at 37,563 contracts traded thus far, translating to roughly 3.8 million shares in notional terms. This represents a substantial 121.8% surge versus the stock’s typical daily average of 3.1 million shares. Particularly noteworthy is the concentration around the $60 strike put option maturing on March 20, 2026, which alone captured 10,802 contracts (approximately 1.1 million underlying shares). The pattern suggests hedging activity or bullish-to-neutral sentiment repositioning.

AMD Drives Contract Volume Higher

Advanced Micro Devices Inc (AMD) is experiencing the day’s most robust options engagement, with total contract volume hitting 464,792 across all strikes and expirations—a remarkable 171.4% above the typical daily average of 27.1 million shares. This equates to roughly 46.5 million shares in terms of underlying exposure. The $220 strike call option expiring January 09, 2026 stands out with 26,162 contracts exchanged (approximately 2.6 million shares), pointing to concentrated bullish positioning at a key technical level.

ALMS Shows Outsized Interest Relative to Size

Alumis Inc (ALMS) rounds out today’s noteworthy three, with 16,482 contracts representing approximately 1.6 million underlying shares—a notable 133.2% above typical daily trading. The $15 strike put option expiring January 16, 2026 absorbed 2,068 contracts (206,800 shares), indicating selective downside protection or profit-taking strategies among options participants.

The concentration in specific strikes and expirations across all three names suggests informed positioning ahead of earnings or other catalysts, worth monitoring for traders tracking options flow as a leading indicator.

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