Noteworthy Friday Option Activity: ELF, VIAV, CIFR

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in e.l.f. Beauty Inc (Symbol: ELF), where a total volume of 12,128 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 74.1% of ELF’s average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $95 strike put option expiring February 07, 2025, with 1,001 contracts trading so far today, representing approximately 100,100 underlying shares of ELF. Below is a chart showing ELF’s trailing twelve month trading history, with the $95 strike highlighted in orange:

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Viavi Solutions Inc (Symbol: VIAV) options are showing a volume of 10,606 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 72.6% of VIAV’s average daily trading volume over the past month, of 1.5 million shares.
Especially high volume was seen for the $11 strike call option expiring February 21, 2025, with 6,441 contracts trading so far today, representing approximately 644,100 underlying shares of VIAV. Below is a chart showing VIAV’s trailing twelve month trading history, with the $11 strike highlighted in orange:

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And Cipher Mining Inc (Symbol: CIFR) options are showing a volume of 74,897 contracts thus far today. That number of contracts represents approximately 7.5 million underlying shares, working out to a sizeable 69.8% of CIFR’s average daily trading volume over the past month, of 10.7 million shares.
Particularly high volume was seen for the $5 strike put option expiring February 21, 2025, with 10,450 contracts trading so far today, representing approximately 1.0 million underlying shares of CIFR. Below is a chart showing CIFR’s trailing twelve month trading history, with the $5 strike highlighted in orange:

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For the various different available expirations for ELF options, VIAV options, or CIFR 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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