Notable Friday Option Activity: FDX, ETRN, WMS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in FedEx Corp (Symbol: FDX), where a total volume of 15,956 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69.6% of FDX’s average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $250 strike call option expiring February 16, 2024, with 2,594 contracts trading so far today, representing approximately 259,400 underlying shares of FDX. Below is a chart showing FDX’s trailing twelve month trading history, with the $250 strike highlighted in orange:

Equitrans Midstream Corp (Symbol: ETRN) saw options trading volume of 25,341 contracts, representing approximately 2.5 million underlying shares or approximately 68.8% of ETRN’s average daily trading volume over the past month, of 3.7 million shares.
Especially high volume was seen for the $12 strike call option expiring March 15, 2024, with 10,014 contracts trading so far today, representing approximately 1.0 million underlying shares of ETRN. Below is a chart showing ETRN’s trailing twelve month trading history, with the $12 strike highlighted in orange:

And Advanced Drainage Systems Inc (Symbol: WMS) saw options trading volume of 3,166 contracts, representing approximately 316,600 underlying shares or approximately 68.7% of WMS’s average daily trading volume over the past month, of 460,845 shares.
Particularly high volume was seen for the $165 strike call option expiring March 15, 2024, with 1,056 contracts trading so far today, representing approximately 105,600 underlying shares of WMS. Below is a chart showing WMS’s trailing twelve month trading history, with the $165 strike highlighted in orange:

For the various different available expirations for FDX options, ETRN options, or WMS options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Funds Holding WRND
• URTH Options Chain
• Top Ten Hedge Funds Holding TLK

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.