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Markets Score 32 Neutral

Unusual Options Volume Detected in RYAM and ILPT

Apr 22, 2026 22:02 UTC
RYAM, ILPT
Short term

Significant options trading activity was recorded for Rayonier Advanced Materials and Industrial Logistics Properties Trust. The volume represents a substantial portion of the companies' average daily trading levels.

  • RYAM options volume hit 6,396 contracts
  • RYAM $9 put options expiring May 15, 2026, were highly active
  • ILPT options volume hit 1,712 contracts
  • ILPT $7.50 call options expiring October 16, 2026, saw significant volume
  • Both stocks saw options volume exceeding 59% of their average daily share volume

Market data indicates a surge in options activity for Rayonier Advanced Materials Inc (RYAM) and Industrial Logistics Properties Trust (ILPT), with trading volumes reaching a significant percentage of their typical daily turnover. For RYAM, options volume reached 6,396 contracts, representing approximately 639,600 underlying shares. This activity accounts for 60.6% of the company's average daily trading volume of 1.1 million shares over the previous month. The volume was heavily concentrated in $9 strike put options expiring May 15, 2026, which saw 4,504 contracts traded. Similarly, ILPT recorded options volume of 1,712 contracts, or roughly 171,200 underlying shares. This represents 59.4% of the company's average daily trading volume of 288,075 shares. The most active contracts were $7.50 strike calls expiring October 16, 2026, with 706 contracts traded. Such spikes in options volume often signal institutional positioning or anticipation of volatility. The divergent focus—puts for RYAM and calls for ILPT—suggests contrasting market sentiment regarding the short-to-medium term outlook for these two securities.

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