Notable Friday Option Activity: NOW, PYPL, CIEN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ServiceNow Inc (Symbol: NOW), where a total volume of 6,461 contracts has been traded thus far today, a contract volume which is representative of approximately 646,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.2% of NOW's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $775 strike call option expiring March 15, 2024, with 412 contracts trading so far today, representing approximately 41,200 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $775 strike highlighted in orange:

PayPal Holdings Inc (Symbol: PYPL) options are showing a volume of 101,654 contracts thus far today. That number of contracts represents approximately 10.2 million underlying shares, working out to a sizeable 53.7% of PYPL's average daily trading volume over the past month, of 18.9 million shares. Especially high volume was seen for the $61 strike call option expiring March 01, 2024, with 10,491 contracts trading so far today, representing approximately 1.0 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $61 strike highlighted in orange:

And Ciena Corp (Symbol: CIEN) options are showing a volume of 9,779 contracts thus far today. That number of contracts represents approximately 977,900 underlying shares, working out to a sizeable 53.5% of CIEN's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $60 strike call option expiring March 15, 2024, with 5,142 contracts trading so far today, representing approximately 514,200 underlying shares of CIEN. Below is a chart showing CIEN's trailing twelve month trading history, with the $60 strike highlighted in orange:

For the various different available expirations for NOW options, PYPL options, or CIEN options, visit StockOptionsChannel.com.

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

Also see: