Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Redwood Trust Inc (Symbol: RWT), where a total volume of 14,089 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 88.5% of RWT's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $7.50 strike call option expiring January 20, 2023, with 10,397 contracts trading so far today, representing approximately 1.0 million underlying shares of RWT. Below is a chart showing RWT's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
Carvana Co (Symbol: CVNA) options are showing a volume of 63,586 contracts thus far today. That number of contracts represents approximately 6.4 million underlying shares, working out to a sizeable 86.6% of CVNA's average daily trading volume over the past month, of 7.3 million shares. Especially high volume was seen for the $38 strike call option expiring September 30, 2022, with 10,391 contracts trading so far today, representing approximately 1.0 million underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $38 strike highlighted in orange:
And Salesforce Inc (Symbol: CRM) saw options trading volume of 66,161 contracts, representing approximately 6.6 million underlying shares or approximately 79.5% of CRM's average daily trading volume over the past month, of 8.3 million shares. Especially high volume was seen for the $155 strike call option expiring September 23, 2022, with 9,478 contracts trading so far today, representing approximately 947,800 underlying shares of CRM. Below is a chart showing CRM's trailing twelve month trading history, with the $155 strike highlighted in orange:
For the various different available expirations for RWT options, CVNA options, or CRM options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
