Exploring Notable Options Activity in SMTC, CRS, and ALGT Stocks

A Closer Look at Semtech Corp. (SMTC)

Looking at options trading activity among components of the Russell 3000 index, today’s standout is Semtech Corp. A total of 13,397 contracts have been traded so far, representing around 1.3 million underlying shares. This volume is equivalent to 53.8% of SMTC’s average daily trading volume over the past month. Of particular note is the high volume seen for the $30 strike call option expiring April 19, 2024, with 2,178 contracts traded, representing about 217,800 underlying shares of SMTC.

An Insight into Carpenter Technology Corp. (CRS)

Carpenter Technology Corp. (CRS) saw options trading volume of 2,154 contracts, equaling approximately 215,400 underlying shares or 53.3% of CRS’s average daily trading volume over the past month, which stood at 404,385 shares. Notably, the $62.50 strike put option expiring April 19, 2024, had a particularly high volume, with 735 contracts traded, representing around 73,500 underlying shares of CRS.

Spotlight on Allegiant Travel Company (ALGT)

Allegiant Travel Company (ALGT) witnessed options trading volume of 1,313 contracts, translating to approximately 131,300 underlying shares or about 52% of ALGT’s average daily trading volume over the past month, which amounted to 252,265 shares. Significantly, the $75 strike call option expiring July 19, 2024, recorded a high volume, with 727 contracts exchanged, representing some 72,700 underlying shares of ALGT.

For more information on the available expirations for SMTC options, CRS options, or ALGT options, visit StockOptionsChannel.com.

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