Options Trading Revs Up in the Market

Today’s trading market is abuzz with activity as investors and analysts keep a keen eye on the notable options trading behavior of key players within the Russell 3000 index. Let’s delve into the intriguing high-volume options activity surrounding three significant companies: Advanced Drainage Systems Inc (WMS), Twilio Inc (TWLO), and Scotts Miracle-Gro Co (SMG).

Advanced Drainage Systems Inc (WMS)

WMS is a standout today, with a striking total volume of 5,553 contracts changing hands. This figure translates to around 555,300 underlying shares in play, representing a substantial 93.1% of WMS’s average daily trading volume over the past month. The $165 strike call option expiring on March 15, 2024, has been particularly popular, with 3,005 contracts traded so far today, equivalent to approximately 300,500 underlying shares of WMS. The surge in trading volume is depicted graphically in the chart below, emphasizing the prominence of the $165 strike.

Twilio Inc (TWLO)

Turning to TWLO, this tech company is also in the spotlight today with an options volume of 46,935 contracts, equivalent to approximately 4.7 million underlying shares. This robust activity represents a significant 92% of TWLO’s average daily trading volume over the past month. Particularly, the $55 strike put option expiring on June 21, 2024, has garnered attention, with 5,136 contracts traded thus far today, symbolizing around 513,600 underlying shares of TWLO. The chart below provides a visual representation of the optioons trading history of TWLO, accentuating the $55 strike as the key focus.

Scotts Miracle-Gro Co (SMG)

Lastly, SMG is seeing substantial options trading volume, with 8,308 contracts traded today, representing about 830,800 underlying shares or nearly 90.8% of SMG’s average daily trading volume over the past month. The $60 strike put option expiring on April 19, 2024, has been a highlight, with 5,545 contracts traded, amounting to approximately 554,500 underlying shares of SMG. The image below depicts SMG’s trading history, underscoring the significance of the $60 strike.

For more information on the various available expirations for WMS, TWLO, and SMG 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.