Highlighting Wednesday Options: TEAM, TXN, NAVI Insights

Atlassian Corp (TEAM) experienced significant trading activity on October 16, 2023, with a total volume of 17,074 contracts traded, equivalent to approximately 1.7 million underlying shares. This represents 45.9% of TEAM’s average daily trading volume over the past month of 3.7 million shares. Notably, the $86 strike put option expiring on July 24, 2026, accounted for 3,756 contracts, or 375,600 underlying shares.

Texas Instruments Inc. (TXN) also saw robust trading, with 40,696 contracts exchanged today, representing about 4.1 million underlying shares, or 44.6% of its average daily volume of 9.1 million shares. High interest was observed in the $350 strike call option expiring on August 21, 2026, which had 3,090 contracts traded, corresponding to 309,000 underlying shares.

Navient Corp (NAVI) recorded a trading volume of 3,838 contracts, approximately 383,800 underlying shares, or 42.1% of its average daily volume of 911,860 shares. The $5 strike put option expiring on October 16, 2026, showed particular activity with 1,980 contracts traded, representing 198,000 underlying shares.