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Notable Monday Option Activity: COUP, THC, PANW


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Coupa Software Inc (Symbol: COUP), where a total volume of 12,506 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.9% of COUP's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $115 strike put option expiring July 19, 2019 , with 9,609 contracts trading so far today, representing approximately 960,900 underlying shares of COUP. Below is a chart showing COUP's trailing twelve month trading history, with the $115 strike highlighted in orange:

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Tenet Healthcare Corp. (Symbol: THC) saw options trading volume of 7,980 contracts, representing approximately 798,000 underlying shares or approximately 68.8% of THC's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $18.50 strike put option expiring July 19, 2019 , with 3,272 contracts trading so far today, representing approximately 327,200 underlying shares of THC. Below is a chart showing THC's trailing twelve month trading history, with the $18.50 strike highlighted in orange:

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And Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 11,225 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 67.3% of PANW's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $140 strike put option expiring September 20, 2019 , with 2,001 contracts trading so far today, representing approximately 200,100 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $140 strike highlighted in orange:

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For the various different available expirations for COUP options , THC options , or PANW options , visit StockOptionsChannel.com.

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

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





This article appears in: Investing , Stocks , Options
Referenced Symbols: COUP , THC , PANW



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