Significant options trading volume targeted three specific stocks on Wednesday, March 25, 2026, drawing attention from market participants. Data from the Russell 3000 index showed unusually high activity in contracts for BILL Holdings Inc, Dave Inc, and lululemon athletica inc.
BILL Holdings Sees Heavy Put Volume
Options for BILL Holdings Inc saw a total volume of 12,044 contracts traded. This volume represents roughly 1.2 million underlying shares, based on standard contract terms. The activity equated to 64.2% of the stock’s average daily trading volume over the past month.
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A specific put option attracted the most attention. The $32.50 strike put option expiring on May 15, 2026, traded 6,225 contracts. This block represents approximately 622,500 underlying shares of BILL.
DAVE and LULU Call Options in Focus
Traders also focused on call options for two other companies. Dave Inc options recorded a volume of 4,250 contracts, representing about 425,000 underlying shares. This figure works out to 61.8% of DAVE’s average daily trading volume.
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The $180 strike call option for Dave Inc, expiring April 17, 2026, saw particularly high volume with 1,362 contracts traded. For lululemon athletica inc, options volume reached 17,291 contracts, equivalent to about 1.7 million underlying shares. This activity accounted for 56.6% of LULU’s average daily volume.
The $175 strike call option for LULU, also expiring April 17, 2026, traded 853 contracts. This represents roughly 85,300 underlying shares of the athletic apparel company.
Context and Market Data
The trading data was highlighted by market analysis from BNK Invest, a firm providing investment services and information. The activity is considered notable as it represents a large percentage of each stock’s recent average trading volume, suggesting concentrated interest from options traders.
Options contracts give the buyer the right, but not the obligation, to buy or sell an underlying asset at a set price on or before a certain date. High volume in specific strikes can indicate where large traders are placing their bets on future price movement.
For detailed options chain data on these and other stocks, investors can visit resources like StockOptionsChannel.com, which is operated by BNK Invest. Additional market data is available through regulatory filings on the SEC’s EDGAR database.
What the Activity Signals
While high volume alone does not predict direction, it highlights securities receiving outsized attention from the options market. The concentration in specific expiration dates and strike prices allows other investors to gauge market sentiment and potential volatility.
The views expressed in the original data report are those of the analysis provider and do not necessarily reflect the views of other financial institutions or exchanges.
This article was produced with AI assistance and reviewed by our editorial team for accuracy and quality.
