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Noteworthy Friday Option Activity: IMGN, SPWR, MMM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ImmunoGen, Inc. (Symbol: IMGN), where a total volume of 12,341 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.1% of IMGN's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $4 strike put option expiring June 21, 2019, with 6,000 contracts trading so far today, representing approximately 600,000 underlying shares of IMGN. Below is a chart showing IMGN's trailing twelve month trading history, with the $4 strike highlighted in orange:

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SunPower Corp (Symbol: SPWR) saw options trading volume of 7,543 contracts, representing approximately 754,300 underlying shares or approximately 41.4% of SPWR's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $10 strike put option expiring May 17, 2019, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of SPWR. Below is a chart showing SPWR's trailing twelve month trading history, with the $10 strike highlighted in orange:

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And 3M Co (Symbol: MMM) saw options trading volume of 8,152 contracts, representing approximately 815,200 underlying shares or approximately 41.3% of MMM's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $215 strike put option expiring April 18, 2019, with 777 contracts trading so far today, representing approximately 77,700 underlying shares of MMM. Below is a chart showing MMM's trailing twelve month trading history, with the $215 strike highlighted in orange:

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For the various different available expirations for IMGN options, SPWR options, or MMM 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.

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IMGN SPWR MMM

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