Markets

Notable Tuesday Option Activity: TSLA, CREE, DLTR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tesla Inc (Symbol: TSLA), where a total volume of 96,999 contracts has been traded thus far today, a contract volume which is representative of approximately 9.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 165.7% of TSLA's average daily trading volume over the past month, of 5.9 million shares. Especially high volume was seen for the $180 strike put option expiring June 15, 2018 , with 11,659 contracts trading so far today, representing approximately 1.2 million underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $180 strike highlighted in orange:

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Cree, Inc. (Symbol: CREE) saw options trading volume of 23,386 contracts, representing approximately 2.3 million underlying shares or approximately 162.2% of CREE's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $44 strike call option expiring May 18, 2018 , with 7,523 contracts trading so far today, representing approximately 752,300 underlying shares of CREE. Below is a chart showing CREE's trailing twelve month trading history, with the $44 strike highlighted in orange:

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And Dollar Tree Inc (Symbol: DLTR) saw options trading volume of 40,772 contracts, representing approximately 4.1 million underlying shares or approximately 149.6% of DLTR's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $98 strike put option expiring March 16, 2018 , with 15,034 contracts trading so far today, representing approximately 1.5 million underlying shares of DLTR. Below is a chart showing DLTR's trailing twelve month trading history, with the $98 strike highlighted in orange:

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For the various different available expirations for TSLA options , CREE options , or DLTR options , visit StockOptionsChannel.com.

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

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


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

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