When considering options trading in the Russell 3000 index, it’s impossible to ignore the noteworthy activity in SoundHound AI Inc (Symbol: SOUN). A staggering 182,615 contracts have been traded today, representing around 18.3 million underlying shares. To put this into perspective, this number translates to 166.4% of SOUN’s average daily trading volume over the past month, which stood at 11.0 million shares. The $4 strike call option expiring February 16, 2024, has seen an outstanding volume of 22,469 contracts traded so far today, accounting for roughly 2.2 million underlying shares of SOUN. This surge in activity around SOUN’s options showcases a level of investor interest that is quite remarkable, as depicted in the chart below, which highlights the $4 strike in orange:
Turning to Aurinia Pharmaceuticals Inc (Symbol: AUPH), options trading for this stock has also exhibited considerable volume, with 27,625 contracts traded thus far today. This figure represents approximately 2.8 million underlying shares, indicating a substantial 163.9% of AUPH’s average daily trading volume over the past month, which amounted to 1.7 million shares. Notably, the $5 strike put option expiring July 19, 2024, has seen a robust volume of 3,377 contracts traded today, representing around 337,700 underlying shares of AUPH, as shown in the chart below:
Finally, in the case of Applovin Corp (Symbol: APP), options trading has also surged, with 60,774 contracts exchanged so far today. This number represents approximately 6.1 million underlying shares, translating to a noteworthy 153.8% of APP’s average daily trading volume over the past month, which was 4.0 million shares. Notably, the $60 strike call option expiring February 16, 2024, has witnessed an impressive 6,865 contracts traded today, depicting about 686,500 underlying shares of APP. The chart below illustrates the trading history for APP, with the $60 strike highlighted in orange:
For the full range of available expirations for SOUN, AUPH, and APP options, investors can visit StockOptionsChannel.com.
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