Notable Friday Option Activity: RIVN, HD, WMS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Rivian Automotive Inc (Symbol: RIVN), where a total volume of 616,081 contracts has been traded thus far today, a contract volume which is representative of approximately 61.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 98.9% of RIVN's average daily trading volume over the past month, of 62.3 million shares. Especially high volume was seen for the $20 strike call option expiring July 19, 2024, with 31,228 contracts trading so far today, representing approximately 3.1 million underlying shares of RIVN. Below is a chart showing RIVN's trailing twelve month trading history, with the $20 strike highlighted in orange:

Home Depot Inc (Symbol: HD) options are showing a volume of 34,414 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 94% of HD's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $360 strike call option expiring July 12, 2024, with 2,109 contracts trading so far today, representing approximately 210,900 underlying shares of HD. Below is a chart showing HD's trailing twelve month trading history, with the $360 strike highlighted in orange:

And Advanced Drainage Systems Inc (Symbol: WMS) saw options trading volume of 5,295 contracts, representing approximately 529,500 underlying shares or approximately 91.7% of WMS's average daily trading volume over the past month, of 577,595 shares. Particularly high volume was seen for the $175 strike call option expiring July 19, 2024, with 4,000 contracts trading so far today, representing approximately 400,000 underlying shares of WMS. Below is a chart showing WMS's trailing twelve month trading history, with the $175 strike highlighted in orange:

For the various different available expirations for RIVN options, HD options, or WMS options, visit StockOptionsChannel.com.

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Also see:

• PZZA Stock Predictions
• VIRT Options Chain
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