Notable Thursday Option Activity: NET, SCHW, JEF

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CloudFlare Inc (Symbol: NET), where a total volume of 29,651 contracts has been traded thus far today, a contract volume which is representative of approximately 3.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 78% of NET's average daily trading volume over the past month, of 3.8 million shares. Especially high volume was seen for the $86 strike call option expiring July 12, 2024, with 4,257 contracts trading so far today, representing approximately 425,700 underlying shares of NET. Below is a chart showing NET's trailing twelve month trading history, with the $86 strike highlighted in orange:

The Charles Schwab Corporation (Symbol: SCHW) saw options trading volume of 36,870 contracts, representing approximately 3.7 million underlying shares or approximately 60.4% of SCHW's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $82.50 strike call option expiring July 19, 2024, with 18,000 contracts trading so far today, representing approximately 1.8 million underlying shares of SCHW. Below is a chart showing SCHW's trailing twelve month trading history, with the $82.50 strike highlighted in orange:

And Jefferies Group Inc. (Symbol: JEF) saw options trading volume of 5,571 contracts, representing approximately 557,100 underlying shares or approximately 52.6% of JEF's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $47.50 strike call option expiring July 19, 2024, with 1,991 contracts trading so far today, representing approximately 199,100 underlying shares of JEF. Below is a chart showing JEF's trailing twelve month trading history, with the $47.50 strike highlighted in orange:

For the various different available expirations for NET options, SCHW options, or JEF 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.