Noteworthy Friday Option Activity: SNOW, GME, MSTR
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Snowflake Inc (Symbol: SNOW), where a total volume of 126,902 contracts has been traded thus far today, a contract volume which is representative of approximately 12.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 248.1% of SNOW's average daily trading volume over the past month, of 5.1 million shares. Especially high volume was seen for the $340 strike put option expiring September 04, 2026, with 5,333 contracts trading so far today, representing approximately 533,300 underlying shares of SNOW. Below is a chart showing SNOW's trailing twelve month trading history, with the $340 strike highlighted in orange:
GameStop Corp (Symbol: GME) options are showing a volume of 137,397 contracts thus far today. That number of contracts represents approximately 13.7 million underlying shares, working out to a sizeable 225.9% of GME's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $19.50 strike call option expiring September 04, 2026, with 21,891 contracts trading so far today, representing approximately 2.2 million underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $19.50 strike highlighted in orange:
And Strategy Inc (Symbol: MSTR) options are showing a volume of 571,784 contracts thus far today. That number of contracts represents approximately 57.2 million underlying shares, working out to a sizeable 205.2% of MSTR's average daily trading volume over the past month, of 27.9 million shares. Particularly high volume was seen for the $140 strike call option expiring September 04, 2026, with 29,577 contracts trading so far today, representing approximately 3.0 million underlying shares of MSTR. Below is a chart showing MSTR's trailing twelve month trading history, with the $140 strike highlighted in orange:
For the various different available expirations for SNOW options, GME options, or MSTR options, visit StockOptionsChannel.com.
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