Notable Tuesday Option Activity: CNM, OLLI, IONS

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Core & Main Inc (Symbol: CNM), where a total of 13,699 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 87.3% of CNM's average daily trading volume over the past month of 1.6 million shares. Especially high volume was seen for the $50 strike put option expiring June 21, 2024, with 2,570 contracts trading so far today, representing approximately 257,000 underlying shares of CNM. Below is a chart showing CNM's trailing twelve month trading history, with the $50 strike highlighted in orange:

Ollie's Bargain Outlet Holdings Inc (Symbol: OLLI) saw options trading volume of 8,169 contracts, representing approximately 816,900 underlying shares or approximately 86.3% of OLLI's average daily trading volume over the past month, of 947,015 shares. Particularly high volume was seen for the $92.50 strike call option expiring June 21, 2024, with 3,154 contracts trading so far today, representing approximately 315,400 underlying shares of OLLI. Below is a chart showing OLLI's trailing twelve month trading history, with the $92.50 strike highlighted in orange:

And Ionis Pharmaceuticals Inc (Symbol: IONS) options are showing a volume of 10,426 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 82% of IONS's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $40 strike call option expiring September 20, 2024, with 5,096 contracts trading so far today, representing approximately 509,600 underlying shares of IONS. Below is a chart showing IONS's trailing twelve month trading history, with the $40 strike highlighted in orange:

For the various different available expirations for CNM options, OLLI options, or IONS options, visit StockOptionsChannel.com.

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