Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in LendingTree Inc (Symbol: TREE), where a total volume of 797 contracts has been traded thus far today, a contract volume which is representative of approximately 79,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.9% of TREE's average daily trading volume over the past month, of 177,550 shares. Especially high volume was seen for the $380 strike call option expiring August 21, 2020, with 292 contracts trading so far today, representing approximately 29,200 underlying shares of TREE. Below is a chart showing TREE's trailing twelve month trading history, with the $380 strike highlighted in orange:
Micron Technology Inc. (Symbol: MU) options are showing a volume of 80,177 contracts thus far today. That number of contracts represents approximately 8.0 million underlying shares, working out to a sizeable 44.6% of MU's average daily trading volume over the past month, of 18.0 million shares. Particularly high volume was seen for the $51 strike call option expiring August 07, 2020, with 4,008 contracts trading so far today, representing approximately 400,800 underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $51 strike highlighted in orange:
And Veeco Instruments Inc (Symbol: VECO) saw options trading volume of 1,908 contracts, representing approximately 190,800 underlying shares or approximately 44.5% of VECO's average daily trading volume over the past month, of 428,290 shares. Particularly high volume was seen for the $10 strike call option expiring September 18, 2020, with 700 contracts trading so far today, representing approximately 70,000 underlying shares of VECO. Below is a chart showing VECO's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for TREE options, MU options, or VECO options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
