Notable Monday Option Activity: AVAV, NKE, NVAX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AeroVironment, Inc. (Symbol: AVAV), where a total volume of 4,248 contracts has been traded thus far today, a contract volume which is representative of approximately 424,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.4% of AVAV's average daily trading volume over the past month, of 649,325 shares. Especially high volume was seen for the $170 strike call option expiring December 20, 2024, with 356 contracts trading so far today, representing approximately 35,600 underlying shares of AVAV. Below is a chart showing AVAV's trailing twelve month trading history, with the $170 strike highlighted in orange:

Nike (Symbol: NKE) options are showing a volume of 73,089 contracts thus far today. That number of contracts represents approximately 7.3 million underlying shares, working out to a sizeable 64% of NKE's average daily trading volume over the past month, of 11.4 million shares. Particularly high volume was seen for the $80 strike call option expiring December 20, 2024, with 3,792 contracts trading so far today, representing approximately 379,200 underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $80 strike highlighted in orange:

And Novavax, Inc. (Symbol: NVAX) saw options trading volume of 25,850 contracts, representing approximately 2.6 million underlying shares or approximately 63% of NVAX's average daily trading volume over the past month, of 4.1 million shares. Especially high volume was seen for the $10.50 strike call option expiring December 20, 2024, with 15,462 contracts trading so far today, representing approximately 1.5 million underlying shares of NVAX. Below is a chart showing NVAX's trailing twelve month trading history, with the $10.50 strike highlighted in orange:

For the various different available expirations for AVAV options, NKE options, or NVAX options, visit StockOptionsChannel.com.

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

Also see:

• SCPL market cap history
• Institutional Holders of PUNK
• VLO Technical Analysis

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