Markets

Notable Wednesday Option Activity: YELP, ARNA, NDAQ

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Yelp Inc (Symbol: YELP), where a total volume of 8,514 contracts has been traded thus far today, a contract volume which is representative of approximately 851,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 70.7% of YELP's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $49 strike call option expiring August 17, 2018 , with 1,277 contracts trading so far today, representing approximately 127,700 underlying shares of YELP. Below is a chart showing YELP's trailing twelve month trading history, with the $49 strike highlighted in orange:

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Arena Pharmaceuticals Inc (Symbol: ARNA) options are showing a volume of 3,842 contracts thus far today. That number of contracts represents approximately 384,200 underlying shares, working out to a sizeable 70.7% of ARNA's average daily trading volume over the past month, of 543,235 shares. Especially high volume was seen for the $60 strike call option expiring April 20, 2018 , with 600 contracts trading so far today, representing approximately 60,000 underlying shares of ARNA. Below is a chart showing ARNA's trailing twelve month trading history, with the $60 strike highlighted in orange:

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And Nasdaq OMX Group (Symbol: NDAQ) options are showing a volume of 5,991 contracts thus far today. That number of contracts represents approximately 599,100 underlying shares, working out to a sizeable 70.5% of NDAQ's average daily trading volume over the past month, of 849,245 shares. Particularly high volume was seen for the $80 strike call option expiring March 16, 2018 , with 2,475 contracts trading so far today, representing approximately 247,500 underlying shares of NDAQ. Below is a chart showing NDAQ's trailing twelve month trading history, with the $80 strike highlighted in orange:

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For the various different available expirations for YELP options , ARNA options , or NDAQ 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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