Markets

Notable Wednesday Option Activity: CREE, MBI, TREE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cree, Inc. (Symbol: CREE), where a total volume of 9,433 contracts has been traded thus far today, a contract volume which is representative of approximately 943,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.1% of CREE's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $30 strike call option expiring February 19, 2016 , with 6,622 contracts trading so far today, representing approximately 662,200 underlying shares of CREE. Below is a chart showing CREE's trailing twelve month trading history, with the $30 strike highlighted in orange:

MBIA Inc. (Symbol: MBI) saw options trading volume of 22,744 contracts, representing approximately 2.3 million underlying shares or approximately 78.9% of MBI's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $5 strike put option expiring February 19, 2016 , with 20,012 contracts trading so far today, representing approximately 2.0 million underlying shares of MBI. Below is a chart showing MBI's trailing twelve month trading history, with the $5 strike highlighted in orange:

And LendingTree Inc (Symbol: TREE) options are showing a volume of 3,115 contracts thus far today. That number of contracts represents approximately 311,500 underlying shares, working out to a sizeable 66.4% of TREE's average daily trading volume over the past month, of 469,155 shares. Particularly high volume was seen for the $95 strike call option expiring December 18, 2015 , with 2,856 contracts trading so far today, representing approximately 285,600 underlying shares of TREE. Below is a chart showing TREE's trailing twelve month trading history, with the $95 strike highlighted in orange:

For the various different available expirations for CREE options , MBI options , or TREE 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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