Notable Wednesday Option Activity: NKE, RILY, AMC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nike (Symbol: NKE), where a total volume of 69,056 contracts has been traded thus far today, a contract volume which is representative of approximately 6.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.3% of NKE's average daily trading volume over the past month, of 11.7 million shares. Especially high volume was seen for the $67.50 strike put option expiring November 15, 2024, with 4,552 contracts trading so far today, representing approximately 455,200 underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $67.50 strike highlighted in orange:

B. Riley Financial Inc (Symbol: RILY) options are showing a volume of 37,955 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 56.5% of RILY's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $1 strike put option expiring September 20, 2024, with 3,525 contracts trading so far today, representing approximately 352,500 underlying shares of RILY. Below is a chart showing RILY's trailing twelve month trading history, with the $1 strike highlighted in orange:

And AMC Entertainment Holdings Inc. (Symbol: AMC) options are showing a volume of 59,026 contracts thus far today. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 56.1% of AMC's average daily trading volume over the past month, of 10.5 million shares. Especially high volume was seen for the $5 strike call option expiring August 30, 2024, with 5,844 contracts trading so far today, representing approximately 584,400 underlying shares of AMC. Below is a chart showing AMC's trailing twelve month trading history, with the $5 strike highlighted in orange:

For the various different available expirations for NKE options, RILY options, or AMC options, visit StockOptionsChannel.com.

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