Notable Friday Option Activity: CHDN, CVLT, SPOT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Churchill Downs, Inc. (Symbol: CHDN), where a total volume of 3,344 contracts has been traded thus far today, a contract volume which is representative of approximately 334,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 78.6% of CHDN's average daily trading volume over the past month, of 425,600 shares. Particularly high volume was seen for the $140 strike call option expiring November 15, 2024, with 1,692 contracts trading so far today, representing approximately 169,200 underlying shares of CHDN. Below is a chart showing CHDN's trailing twelve month trading history, with the $140 strike highlighted in orange:

CommVault Systems Inc (Symbol: CVLT) saw options trading volume of 2,480 contracts, representing approximately 248,000 underlying shares or approximately 77.4% of CVLT's average daily trading volume over the past month, of 320,320 shares. Particularly high volume was seen for the $150 strike call option expiring November 15, 2024, with 1,262 contracts trading so far today, representing approximately 126,200 underlying shares of CVLT. Below is a chart showing CVLT's trailing twelve month trading history, with the $150 strike highlighted in orange:

And Spotify Technology SA (Symbol: SPOT) saw options trading volume of 10,213 contracts, representing approximately 1.0 million underlying shares or approximately 74.2% of SPOT's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $372.50 strike put option expiring November 01, 2024, with 1,247 contracts trading so far today, representing approximately 124,700 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $372.50 strike highlighted in orange:

For the various different available expirations for CHDN options, CVLT options, or SPOT options, visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding NSR
• Funds Holding BRAZ
• Institutional Holders of OXLC

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