Notable Thursday Option Activity: BALY, TSLA, LRCX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Bally's Corp (Symbol: BALY), where a total volume of 3,384 contracts has been traded thus far today, a contract volume which is representative of approximately 338,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 153.9% of BALY's average daily trading volume over the past month, of 219,950 shares. Especially high volume was seen for the $17.50 strike call option expiring August 16, 2024, with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of BALY. Below is a chart showing BALY's trailing twelve month trading history, with the $17.50 strike highlighted in orange:

Tesla Inc (Symbol: TSLA) saw options trading volume of 2.0 million contracts, representing approximately 200.3 million underlying shares or approximately 147.5% of TSLA's average daily trading volume over the past month, of 135.8 million shares. Especially high volume was seen for the $225 strike call option expiring July 26, 2024, with 148,559 contracts trading so far today, representing approximately 14.9 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $225 strike highlighted in orange:

And Lam Research Corp (Symbol: LRCX) saw options trading volume of 11,889 contracts, representing approximately 1.2 million underlying shares or approximately 122.1% of LRCX's average daily trading volume over the past month, of 973,860 shares. Especially high volume was seen for the $920 strike call option expiring July 26, 2024, with 3,644 contracts trading so far today, representing approximately 364,400 underlying shares of LRCX. Below is a chart showing LRCX's trailing twelve month trading history, with the $920 strike highlighted in orange:

For the various different available expirations for BALY options, TSLA options, or LRCX options, visit StockOptionsChannel.com.

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