HomeMarket NewsNotable Thursday Option Activity: CRM, ELF, W

Notable Thursday Option Activity: CRM, ELF, W

Actionable Trade Ideas

always free

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Salesforce Inc (Symbol: CRM), where a total volume of 24,603 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.9% of CRM’s average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $300 strike call option expiring June 21, 2024, with 1,030 contracts trading so far today, representing approximately 103,000 underlying shares of CRM. Below is a chart showing CRM’s trailing twelve month trading history, with the $300 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

e.l.f. Beauty Inc (Symbol: ELF) options are showing a volume of 7,069 contracts thus far today. That number of contracts represents approximately 706,900 underlying shares, working out to a sizeable 45.5% of ELF’s average daily trading volume over the past month, of 1.6 million shares.
Especially high volume was seen for the $185 strike call option expiring June 21, 2024, with 422 contracts trading so far today, representing approximately 42,200 underlying shares of ELF. Below is a chart showing ELF’s trailing twelve month trading history, with the $185 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

And Wayfair Inc (Symbol: W) options are showing a volume of 24,249 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 45.2% of W’s average daily trading volume over the past month, of 5.4 million shares.
Particularly high volume was seen for the $70 strike call option expiring July 19, 2024, with 2,801 contracts trading so far today, representing approximately 280,100 underlying shares of W. Below is a chart showing W’s trailing twelve month trading history, with the $70 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

For the various different available expirations for CRM options, ELF options, or W options, visit StockOptionsChannel.com.

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

Also see:

• Stocks with Recent Secondaries That Hedge Funds Are Selling
• INTI Insider Buying
• DRUG shares outstanding history

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

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.