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Noteworthy Friday Option Activity: MDGL, CBAY, QCOM


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Madrigal Pharmaceuticals Inc (Symbol: MDGL), where a total volume of 710 contracts has been traded thus far today, a contract volume which is representative of approximately 71,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.4% of MDGL's average daily trading volume over the past month, of 156,325 shares. Particularly high volume was seen for the $115 strike put option expiring May 17, 2019 , with 500 contracts trading so far today, representing approximately 50,000 underlying shares of MDGL. Below is a chart showing MDGL's trailing twelve month trading history, with the $115 strike highlighted in orange:

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CymaBay Therapeutics Inc (Symbol: CBAY) options are showing a volume of 2,540 contracts thus far today. That number of contracts represents approximately 254,000 underlying shares, working out to a sizeable 45.3% of CBAY's average daily trading volume over the past month, of 560,915 shares. Especially high volume was seen for the $12.50 strike put option expiring July 19, 2019 , with 2,001 contracts trading so far today, representing approximately 200,100 underlying shares of CBAY. Below is a chart showing CBAY's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

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And Qualcomm Inc (Symbol: QCOM) saw options trading volume of 108,909 contracts, representing approximately 10.9 million underlying shares or approximately 44.9% of QCOM's average daily trading volume over the past month, of 24.3 million shares. Particularly high volume was seen for the $70 strike put option expiring June 21, 2019 , with 8,617 contracts trading so far today, representing approximately 861,700 underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $70 strike highlighted in orange:

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For the various different available expirations for MDGL options , CBAY options , or QCOM 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: MDGL , CBAY , QCOM



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