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Notable Wednesday Option Activity: GOOGL, MIK, GOOG


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alphabet Inc (Symbol: GOOGL), where a total volume of 37,985 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 226.8% of GOOGL's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $1180 strike call option expiring June 22, 2018 , with 3,926 contracts trading so far today, representing approximately 392,600 underlying shares of GOOGL. Below is a chart showing GOOGL's trailing twelve month trading history, with the $1180 strike highlighted in orange:

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Michaels Companies Inc (Symbol: MIK) options are showing a volume of 29,536 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 196.8% of MIK's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $22.50 strike call option expiring July 20, 2018 , with 8,845 contracts trading so far today, representing approximately 884,500 underlying shares of MIK. Below is a chart showing MIK's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

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And Alphabet Inc (Symbol: GOOG) options are showing a volume of 22,359 contracts thus far today. That number of contracts represents approximately 2.2 million underlying shares, working out to a sizeable 156.5% of GOOG's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $1340 strike call option expiring August 17, 2018 , with 1,253 contracts trading so far today, representing approximately 125,300 underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $1340 strike highlighted in orange:

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For the various different available expirations for GOOGL options , MIK options , or GOOG 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 , Options
Referenced Symbols: GOOGL , MIK , GOOG


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