A Deep Dive into Wednesday’s Buoyant Option Activities: RGLD, OMI, and CCK

High Spirits in the Options Market

Behold, the whirlwind of option activity today among components of the venerable Russell 3000 index! Royal Gold Inc (RGLD) entices traders with 2,251 contracts swapping hands, equivalent to roughly 225,100 underlying shares. This brisk action amounts to 49.3% of RGLD’s average daily trading volume in the past month. Notably, the $115 strike call option expiring in April 19, 2024, is truly sizzling, with 232 contracts changing hands so far today – that’s approximately 23,200 underlying shares up for grabs. The orange hue in the chart below symbolizes the spirited dance around RGLD’s $115 strike.

Fanning the Flames of Interest

Turning the spotlight now to Owens & Minor, Inc. (OMI), we witness an equally engaging scene with 3,088 contracts in action today, representing about 308,800 underlying shares. This robust activity makes up a solid 49% of OMI’s average daily trading volume over the past month. The $27 strike call option expiring in June 21, 2024, is clearly the star of the show, with 3,032 contracts traded so far today, equivalent to roughly 303,200 underlying shares. Feast your eyes on the chart below, where the $27 strike shines bright in orange.

Sparkling Performances Unveiled

Crown Holdings Inc (CCK) commands attention with 6,064 contracts in motion today, representing approximately 606,400 underlying shares or almost 48% of the average daily trading volume over the past month. The $70 strike put option expiring May 17, 2024, is where the excitement unfolds, with 5,769 contracts traded thus far today, indicating around 576,900 underlying shares of CCK are in play. The chart below illuminates CCK’s turbulent history with the orange glow on the $70 strike option.

Explore the Options Frontier

For a grand tour of the available expirations for RGLD, OMI, or CCK options, wander over to StockOptionsChannel.com and indulge in the spectacle of the options world. Who knows what treasures await!

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