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Noteworthy Wednesday Option Activity: GTT, IR, AAL


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GTT Communications, Inc (Symbol: GTT), where a total volume of 3,232 contracts has been traded thus far today, a contract volume which is representative of approximately 323,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.1% of GTT's average daily trading volume over the past month, of 489,040 shares. Especially high volume was seen for the $22.50 strike call option expiring August 16, 2019 , with 1,511 contracts trading so far today, representing approximately 151,100 underlying shares of GTT. Below is a chart showing GTT's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

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Ingersoll-Rand plc (Symbol: IR) options are showing a volume of 8,700 contracts thus far today. That number of contracts represents approximately 870,000 underlying shares, working out to a sizeable 64.7% of IR's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $105 strike call option expiring June 21, 2019 , with 2,452 contracts trading so far today, representing approximately 245,200 underlying shares of IR. Below is a chart showing IR's trailing twelve month trading history, with the $105 strike highlighted in orange:

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And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 39,528 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 60.3% of AAL's average daily trading volume over the past month, of 6.6 million shares. Particularly high volume was seen for the $32 strike call option expiring August 16, 2019 , with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange:

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For the various different available expirations for GTT options , IR options , or AAL options , visit StockOptionsChannel.com.

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

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: GTT , IR , AAL



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