Notable Tuesday Option Activity: NTAP, MTB, SMPL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in NetApp, Inc. (Symbol: NTAP), where a total volume of 7,044 contracts has been traded thus far today, a contract volume which is representative of approximately 704,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.5% of NTAP's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $80 strike call option expiring November 17, 2023, with 1,901 contracts trading so far today, representing approximately 190,100 underlying shares of NTAP. Below is a chart showing NTAP's trailing twelve month trading history, with the $80 strike highlighted in orange:

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M & T Bank Corp (Symbol: MTB) options are showing a volume of 4,360 contracts thus far today. That number of contracts represents approximately 436,000 underlying shares, working out to a sizeable 41.3% of MTB's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $80 strike put option expiring April 19, 2024, with 2,376 contracts trading so far today, representing approximately 237,600 underlying shares of MTB. Below is a chart showing MTB's trailing twelve month trading history, with the $80 strike highlighted in orange:

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And Simply Good Foods Company (Symbol: SMPL) options are showing a volume of 2,247 contracts thus far today. That number of contracts represents approximately 224,700 underlying shares, working out to a sizeable 41.2% of SMPL's average daily trading volume over the past month, of 544,840 shares. Especially high volume was seen for the $40 strike call option expiring May 17, 2024, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of SMPL. Below is a chart showing SMPL's trailing twelve month trading history, with the $40 strike highlighted in orange:

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For the various different available expirations for NTAP options, MTB options, or SMPL options, visit StockOptionsChannel.com.

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