Notable Tuesday Option Activity: ESTC, Z, ADBE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Elastic NV (Symbol: ESTC), where a total volume of 8,334 contracts has been traded thus far today, a contract volume which is representative of approximately 833,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 73% of ESTC's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $120 strike call option expiring February 21, 2025, with 2,948 contracts trading so far today, representing approximately 294,800 underlying shares of ESTC. Below is a chart showing ESTC's trailing twelve month trading history, with the $120 strike highlighted in orange:

Zillow Group Inc (Symbol: Z) saw options trading volume of 15,717 contracts, representing approximately 1.6 million underlying shares or approximately 70.2% of Z's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $87 strike call option expiring January 31, 2025, with 9,285 contracts trading so far today, representing approximately 928,500 underlying shares of Z. Below is a chart showing Z's trailing twelve month trading history, with the $87 strike highlighted in orange:

And Adobe Inc (Symbol: ADBE) saw options trading volume of 25,728 contracts, representing approximately 2.6 million underlying shares or approximately 69% of ADBE's average daily trading volume over the past month, of 3.7 million shares. Especially high volume was seen for the $455 strike call option expiring January 31, 2025, with 1,311 contracts trading so far today, representing approximately 131,100 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $455 strike highlighted in orange:

For the various different available expirations for ESTC options, Z options, or ADBE options, visit StockOptionsChannel.com.

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

Also see:

• Funds Holding ATCH
• Top Ten Hedge Funds Holding AGI
• Funds Holding AMK

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