Notable Tuesday Option Activity: NEU, CZR, GOOG
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in NewMarket Corp (Symbol: NEU), where a total volume of 1,054 contracts has been traded thus far today, a contract volume which is representative of approximately 105,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.8% of NEU's average daily trading volume over the past month, of 135,545 shares. Especially high volume was seen for the $970 strike call option expiring September 18, 2026, with 525 contracts trading so far today, representing approximately 52,500 underlying shares of NEU. Below is a chart showing NEU's trailing twelve month trading history, with the $970 strike highlighted in orange:
Caesars Entertainment Inc (Symbol: CZR) options are showing a volume of 26,264 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 77.7% of CZR's average daily trading volume over the past month, of 3.4 million shares. Particularly high volume was seen for the $30 strike call option expiring September 18, 2026, with 13,692 contracts trading so far today, representing approximately 1.4 million underlying shares of CZR. Below is a chart showing CZR's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Alphabet Inc (Symbol: GOOG) saw options trading volume of 165,811 contracts, representing approximately 16.6 million underlying shares or approximately 77.1% of GOOG's average daily trading volume over the past month, of 21.5 million shares. Particularly high volume was seen for the $315 strike put option expiring August 28, 2026, with 23,968 contracts trading so far today, representing approximately 2.4 million underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $315 strike highlighted in orange:
For the various different available expirations for NEU options, CZR options, or GOOG options, visit StockOptionsChannel.com.
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