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First Horizon shares rise after strong Q2 earnings as options surge
Trading in First Horizon (FHN) accelerated after the bank reported better-than-expected Q2 results, with 11.3 million shares changing hands and options volume hitting 200,923 contracts, nearly 17 times the 30-day average.
First Horizon (FHN) climbed 1.8% after announcing better-than-expected Q2 2026 earnings, and the move came alongside unusually heavy trading in both its shares and options, according to Yahoo Finance.
The report said 11.3 million shares traded on the day, more than double the bank's 30-day average, while options volume reached 200,923 contracts, nearly 17 times the 30-day average and the fifth-highest daily total in the past two years.
Yahoo Finance added that much of the options activity centered on an unusually active Nov. 20 call option, with that contract representing nearly half of FHN's total options volume on the day.
The outlet also noted that the Nov. 20 $27 call was the second-highest on the day by volume to open interest ratio, at 223.8, and that a small number of large trades accounted for nearly all of the day's options volume.