Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Helix Energy Solutions Group Inc (Symbol: HLX), where a total volume of 7,216 contracts has been traded thus far today, a contract volume which is representative of approximately 721,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.1% of HLX's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $4 strike put option expiring December 16, 2022, with 4,020 contracts trading so far today, representing approximately 402,000 underlying shares of HLX. Below is a chart showing HLX's trailing twelve month trading history, with the $4 strike highlighted in orange:
Carvana Co (Symbol: CVNA) options are showing a volume of 55,119 contracts thus far today. That number of contracts represents approximately 5.5 million underlying shares, working out to a sizeable 45% of CVNA's average daily trading volume over the past month, of 12.3 million shares. Particularly high volume was seen for the $18.50 strike call option expiring October 28, 2022, with 6,962 contracts trading so far today, representing approximately 696,200 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $18.50 strike highlighted in orange:
And Arista Networks Inc (Symbol: ANET) saw options trading volume of 9,332 contracts, representing approximately 933,200 underlying shares or approximately 44.1% of ANET's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $105 strike put option expiring October 28, 2022, with 2,667 contracts trading so far today, representing approximately 266,700 underlying shares of ANET. Below is a chart showing ANET's trailing twelve month trading history, with the $105 strike highlighted in orange:
For the various different available expirations for HLX options, CVNA options, or ANET options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.