Markets

Notable Thursday Option Activity: DEPO, AMBA, IBM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Depomed Inc (Symbol: DEPO), where a total volume of 6,846 contracts has been traded thus far today, a contract volume which is representative of approximately 684,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 60.6% of DEPO's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $7 strike call option expiring August 17, 2018 , with 2,751 contracts trading so far today, representing approximately 275,100 underlying shares of DEPO. Below is a chart showing DEPO's trailing twelve month trading history, with the $7 strike highlighted in orange:

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Ambarella, Inc. (Symbol: AMBA) saw options trading volume of 4,370 contracts, representing approximately 437,000 underlying shares or approximately 55.9% of AMBA's average daily trading volume over the past month, of 781,275 shares. Particularly high volume was seen for the $39.50 strike put option expiring August 31, 2018 , with 1,158 contracts trading so far today, representing approximately 115,800 underlying shares of AMBA. Below is a chart showing AMBA's trailing twelve month trading history, with the $39.50 strike highlighted in orange:

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And International Business Machines Corp (Symbol: IBM) options are showing a volume of 27,211 contracts thus far today. That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 55.5% of IBM's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $149 strike call option expiring August 24, 2018 , with 1,831 contracts trading so far today, representing approximately 183,100 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $149 strike highlighted in orange:

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For the various different available expirations for DEPO options , AMBA options , or IBM options , visit StockOptionsChannel.com.

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

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.

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