Surge in Options Trading for Capri Holdings, Biohaven, and Semtech Corp

Options trading activity among Russell 3000 Companies Sees Significant Volume Today

Amid today’s options trading landscape, Capri Holdings Ltd (Symbol: CPRI) stands out, with a striking total volume of 28,814 contracts traded so far. This figure translates to approximately 2.9 million underlying shares, as each contract corresponds to 100 shares. Notably, this volume accounts for 43.5% of CPRI’s average daily trading volume of 6.6 million shares over the past month. Particularly intriguing is the high volume for the $17.50 strike put option expiring December 20, 2024, which has reached 6,062 contracts, representing around 606,200 underlying shares of CPRI. Below is a chart depicting CPRI’s trading history for the past twelve months, highlighting the $17.50 strike in orange:

In a similar trend, Biohaven Ltd (Symbol: BHVN) recorded an options trading volume of 3,285 contracts. This volume indicates approximately 328,500 underlying shares, equivalent to about 43.4% of BHVN’s average daily trading volume of 756,910 shares for the past month. The $35 strike put option, with an expiration date of December 20, 2024, has also seen significant activity, with 1,538 contracts traded today, which amounts to around 153,800 underlying shares of BHVN. The following chart showcases BHVN’s past trading activity, emphasizing the $35 strike in orange:

Semtech Corp. (Symbol: SMTC) joins the ranks with an options volume of 4,852 contracts. This volume represents about 485,200 underlying shares, which is roughly 43.2% of SMTC’s average daily trading volume of 1.1 million shares over the last month. A notable highlight is the $55 strike call option expiring December 20, 2024, where 1,484 contracts have traded so far, indicating approximately 148,400 underlying shares of SMTC. Below is a chart illustrating SMTC’s trailing twelve-month trading history, with the $55 strike marked in orange:

For more information on the different expiration dates available for CPRI, BHVN, or SMTC options, please visit StockOptionsChannel.com.

Explore Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Funds Holding REIS
• EGHT Market Cap History
• ALVO Stock Predictions

The views and opinions expressed herein are those of the author and do not necessarily reflect the opinions of Nasdaq, Inc.