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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Stride Inc (Symbol: LRN), where a total volume of 2,393 contracts has been traded thus far today, a contract volume which is representative of approximately 239,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.1% of LRN’s average daily trading volume over the past month, of 569,020 shares. Especially high volume was seen for the $44 strike call option expiring November 18, 2022, with 1,502 contracts trading so far today, representing approximately 150,200 underlying shares of LRN. Below is a chart showing LRN’s trailing twelve month trading history, with the $44 strike highlighted in orange:
Akamai Technologies Inc (Symbol: AKAM) saw options trading volume of 7,658 contracts, representing approximately 765,800 underlying shares or approximately 40.7% of AKAM’s average daily trading volume over the past month, of 1.9 million shares.
Particularly high volume was seen for the $90 strike call option expiring January 17, 2025, with 1,565 contracts trading so far today, representing approximately 156,500 underlying shares of AKAM. Below is a chart showing AKAM’s trailing twelve month trading history, with the $90 strike highlighted in orange:
And Valero Energy Corp (Symbol: VLO) options are showing a volume of 17,632 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 40.6% of VLO’s average daily trading volume over the past month, of 4.3 million shares.
Particularly high volume was seen for the $120 strike call option expiring October 21, 2022, with 881 contracts trading so far today, representing approximately 88,100 underlying shares of VLO. Below is a chart showing VLO’s trailing twelve month trading history, with the $120 strike highlighted in orange:
For the various different available expirations for LRN options, AKAM options, or VLO options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image and article originally from www.nasdaq.com. Read the original article here.