Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Snowflake Inc (Symbol: SNOW), where a total volume of 56,387 contracts has been traded thus far today, a contract volume which is representative of approximately 5.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 103.8% of SNOW’s average daily trading volume over the past month, of 5.4 million shares. Particularly high volume was seen for the $250 strike call option expiring February 23, 2024, with 6,283 contracts trading so far today, representing approximately 628,300 underlying shares of SNOW. Below is a chart showing SNOW’s trailing twelve month trading history, with the $250 strike highlighted in orange:
Rambus Inc. (Symbol: RMBS) saw options trading volume of 11,879 contracts, representing approximately 1.2 million underlying shares or approximately 84% of RMBS’s average daily trading volume over the past month, of 1.4 million shares.
Particularly high volume was seen for the $65 strike put option expiring February 16, 2024, with 3,872 contracts trading so far today, representing approximately 387,200 underlying shares of RMBS. Below is a chart showing RMBS’s trailing twelve month trading history, with the $65 strike highlighted in orange:
And Fabrinet (Symbol: FN) options are showing a volume of 2,368 contracts thus far today. That number of contracts represents approximately 236,800 underlying shares, working out to a sizeable 71.9% of FN’s average daily trading volume over the past month, of 329,385 shares.
Especially high volume was seen for the $175 strike call option expiring February 16, 2024, with 252 contracts trading so far today, representing approximately 25,200 underlying shares of FN. Below is a chart showing FN’s trailing twelve month trading history, with the $175 strike highlighted in orange:
For the various different available expirations for SNOW options, RMBS options, or FN options, visit StockOptionsChannel.com.
Also see:
Funds Holding Marathon Oil
Top Ten Hedge Funds Holding MIFI
UTSL market cap history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.