Notable Friday Option Activity: ALGM, STNE, LOPE

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Allegro MicroSystems Inc (Symbol: ALGM), where a total of 18,880 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 148.4% of ALGM's average daily trading volume over the past month of 1.3 million shares. Especially high volume was seen for the $22.50 strike put option expiring May 17, 2024, with 18,538 contracts trading so far today, representing approximately 1.9 million underlying shares of ALGM. Below is a chart showing ALGM's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

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StoneCo Ltd (Symbol: STNE) options are showing a volume of 64,825 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 126.6% of STNE's average daily trading volume over the past month, of 5.1 million shares. Particularly high volume was seen for the $18 strike call option expiring July 19, 2024, with 15,552 contracts trading so far today, representing approximately 1.6 million underlying shares of STNE. Below is a chart showing STNE's trailing twelve month trading history, with the $18 strike highlighted in orange:

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And Grand Canyon Education Inc (Symbol: LOPE) saw options trading volume of 1,692 contracts, representing approximately 169,200 underlying shares or approximately 116.3% of LOPE's average daily trading volume over the past month, of 145,500 shares. Particularly high volume was seen for the $130 strike put option expiring May 17, 2024, with 679 contracts trading so far today, representing approximately 67,900 underlying shares of LOPE. Below is a chart showing LOPE's trailing twelve month trading history, with the $130 strike highlighted in orange:

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For the various different available expirations for ALGM options, STNE options, or LOPE options, visit StockOptionsChannel.com.

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

Also see:
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• FOS Videos

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

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