Noteworthy Wednesday Option Activity: PLAB, LZ, MTTR

As we scrutinize the options trading today among Russell 3000 index members, we perceive remarkable activity in several stocks. In the case of Photronics, Inc. (PLAB), a total volume of 2,885 contracts has been traded, representing approximately 288,500 underlying shares. This substantial figure equates to 47% of PLAB’s average daily trading volume over the past month. Predominant attention has been drawn to the $30 strike put option expiring on March 15, 2024, with 1,677 contracts exchanging hands, indicating roughly 167,700 underlying shares of PLAB.

LegalZoom.com Inc (LZ) has seen options trading volume of 4,294 contracts, representing approximately 429,400 underlying shares or about 46.7% of LZ’s average daily trading volume over the past month. The $11 strike call option expiring on March 15, 2024, has witnessed significant volume, with 2,262 contracts traded so far today, representing approximately 226,200 underlying shares of LZ.

Similarly, Matterport Inc (MTTR) has experienced options trading volume of 9,007 contracts, representing approximately 900,700 underlying shares or around 46.3% of MTTR’s average daily trading volume over the past month. Notably, the $3 strike call option expiring on October 18, 2024, has seen substantial activity, with 2,674 contracts traded today, representing approximately 267,400 underlying shares of MTTR.