Credit: Shutterstock photoLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Atlassian Corp PLC (Symbol: TEAM), where a total volume of 7,579 contracts has been traded thus far today, a contract volume which is representative of approximately 757,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.2% of TEAM's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $100 strike put option expiring March 15, 2019 , with 2,250 contracts trading so far today, representing approximately 225,000 underlying shares of TEAM. Below is a chart showing TEAM's trailing twelve month trading history, with the $100 strike highlighted in orange:
Palo Alto Networks, Inc (Symbol: PANW) options are showing a volume of 8,746 contracts thus far today. That number of contracts represents approximately 874,600 underlying shares, working out to a sizeable 52.6% of PANW's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $250 strike call option expiring March 15, 2019 , with 773 contracts trading so far today, representing approximately 77,300 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $250 strike highlighted in orange:
And Iridium Communications Inc (Symbol: IRDM) options are showing a volume of 4,018 contracts thus far today. That number of contracts represents approximately 401,800 underlying shares, working out to a sizeable 52% of IRDM's average daily trading volume over the past month, of 773,000 shares. Particularly high volume was seen for the $22 strike put option expiring July 19, 2019 , with 3,021 contracts trading so far today, representing approximately 302,100 underlying shares of IRDM. Below is a chart showing IRDM's trailing twelve month trading history, with the $22 strike highlighted in orange:
For the various different available expirations for TEAM options , PANW options , or IRDM options , visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
