Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CloudFlare Inc (Symbol: NET), where a total volume of 31,707 contracts has been traded thus far today, a contract volume which is representative of approximately 3.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.2% of NET’s average daily trading volume over the past month, of 3.7 million shares. Particularly high volume was seen for the $70 strike put option expiring May 10, 2024, with 1,781 contracts trading so far today, representing approximately 178,100 underlying shares of NET. Below is a chart showing NET’s trailing twelve month trading history, with the $70 strike highlighted in orange:
Winnebago Industries, Inc. (Symbol: WGO) options are showing a volume of 4,014 contracts thus far today. That number of contracts represents approximately 401,400 underlying shares, working out to a sizeable 76.3% of WGO’s average daily trading volume over the past month, of 525,815 shares.
Especially high volume was seen for the $50 strike put option expiring January 17, 2025, with 3,074 contracts trading so far today, representing approximately 307,400 underlying shares of WGO. Below is a chart showing WGO’s trailing twelve month trading history, with the $50 strike highlighted in orange:
And Scorpio Tankers Inc (Symbol: STNG) options are showing a volume of 5,121 contracts thus far today. That number of contracts represents approximately 512,100 underlying shares, working out to a sizeable 75.8% of STNG’s average daily trading volume over the past month, of 675,750 shares.
Especially high volume was seen for the $79 strike call option expiring May 17, 2024, with 606 contracts trading so far today, representing approximately 60,600 underlying shares of STNG. Below is a chart showing STNG’s trailing twelve month trading history, with the $79 strike highlighted in orange:
For the various different available expirations for NET options, WGO options, or STNG options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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