Notable Wednesday Option Activity: CVLT, NET, AMBC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CommVault Systems Inc (Symbol: CVLT), where a total volume of 1,953 contracts has been traded thus far today, a contract volume which is representative of approximately 195,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59% of CVLT's average daily trading volume over the past month, of 331,230 shares. Especially high volume was seen for the $150 strike put option expiring February 21, 2025, with 1,829 contracts trading so far today, representing approximately 182,900 underlying shares of CVLT. Below is a chart showing CVLT's trailing twelve month trading history, with the $150 strike highlighted in orange:

CloudFlare Inc (Symbol: NET) saw options trading volume of 13,400 contracts, representing approximately 1.3 million underlying shares or approximately 55.1% of NET's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $130 strike call option expiring February 21, 2025, with 831 contracts trading so far today, representing approximately 83,100 underlying shares of NET. Below is a chart showing NET's trailing twelve month trading history, with the $130 strike highlighted in orange:

And Ambac Financial Group, Inc. (Symbol: AMBC) options are showing a volume of 3,274 contracts thus far today. That number of contracts represents approximately 327,400 underlying shares, working out to a sizeable 55% of AMBC's average daily trading volume over the past month, of 595,700 shares. Especially high volume was seen for the $11 strike put option expiring May 16, 2025, with 3,001 contracts trading so far today, representing approximately 300,100 underlying shares of AMBC. Below is a chart showing AMBC's trailing twelve month trading history, with the $11 strike highlighted in orange:

For the various different available expirations for CVLT options, NET options, or AMBC options, visit StockOptionsChannel.com.

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