Notable Wednesday Option Activity: NET, SHAK, ELE
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CloudFlare Inc (Symbol: NET), where a total volume of 32,851 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 103.8% of NET's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $350 strike call option expiring September 18, 2026, with 3,125 contracts trading so far today, representing approximately 312,500 underlying shares of NET. Below is a chart showing NET's trailing twelve month trading history, with the $350 strike highlighted in orange:
Shake Shack Inc (Symbol: SHAK) options are showing a volume of 10,423 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 101.8% of SHAK's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $60 strike put option expiring September 18, 2026, with 4,021 contracts trading so far today, representing approximately 402,100 underlying shares of SHAK. Below is a chart showing SHAK's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Elemental Royalty Corp (Symbol: ELE) saw options trading volume of 2,692 contracts, representing approximately 269,200 underlying shares or approximately 95.7% of ELE's average daily trading volume over the past month, of 281,315 shares. Particularly high volume was seen for the $22.50 strike call option expiring September 18, 2026, with 2,253 contracts trading so far today, representing approximately 225,300 underlying shares of ELE. Below is a chart showing ELE's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
For the various different available expirations for NET options, SHAK options, or ELE options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Further NET Research:
