Notable Tuesday Option Activity: ROOT, AMBA, PAYO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Root Inc (Symbol: ROOT), where a total volume of 3,830 contracts has been traded thus far today, a contract volume which is representative of approximately 383,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 85.3% of ROOT's average daily trading volume over the past month, of 448,910 shares. Especially high volume was seen for the $105 strike call option expiring September 19, 2025, with 1,091 contracts trading so far today, representing approximately 109,100 underlying shares of ROOT. Below is a chart showing ROOT's trailing twelve month trading history, with the $105 strike highlighted in orange:

Ambarella, Inc. (Symbol: AMBA) options are showing a volume of 9,420 contracts thus far today. That number of contracts represents approximately 942,000 underlying shares, working out to a sizeable 84.5% of AMBA's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $85 strike call option expiring October 17, 2025, with 2,368 contracts trading so far today, representing approximately 236,800 underlying shares of AMBA. Below is a chart showing AMBA's trailing twelve month trading history, with the $85 strike highlighted in orange:

And Payoneer Global Inc (Symbol: PAYO) options are showing a volume of 22,119 contracts thus far today. That number of contracts represents approximately 2.2 million underlying shares, working out to a sizeable 81.4% of PAYO's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $5 strike call option expiring January 16, 2026, with 22,097 contracts trading so far today, representing approximately 2.2 million underlying shares of PAYO. Below is a chart showing PAYO's trailing twelve month trading history, with the $5 strike highlighted in orange:

For the various different available expirations for ROOT options, AMBA options, or PAYO options, visit StockOptionsChannel.com.

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

Also see:

• ICS Videos
• Funds Holding CACG
• BNTX Options Chain

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.