Markets

Noteworthy Friday Option Activity: XBIT, CTSH, SKT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in XBiotech Inc (Symbol: XBIT), where a total volume of 669 contracts has been traded thus far today, a contract volume which is representative of approximately 66,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.4% of XBIT's average daily trading volume over the past month, of 83,245 shares. Especially high volume was seen for the $15 strike call option expiring April 21, 2017 , with 500 contracts trading so far today, representing approximately 50,000 underlying shares of XBIT. Below is a chart showing XBIT's trailing twelve month trading history, with the $15 strike highlighted in orange:

Cognizant Technology Solutions Corp. (Symbol: CTSH) options are showing a volume of 56,529 contracts thus far today. That number of contracts represents approximately 5.7 million underlying shares, working out to a sizeable 76.2% of CTSH's average daily trading volume over the past month, of 7.4 million shares. Especially high volume was seen for the $47.50 strike put option expiring January 19, 2018 , with 25,000 contracts trading so far today, representing approximately 2.5 million underlying shares of CTSH. Below is a chart showing CTSH's trailing twelve month trading history, with the $47.50 strike highlighted in orange:

And Tanger Factory Outlet Centers, Inc. (Symbol: SKT) saw options trading volume of 5,365 contracts, representing approximately 536,500 underlying shares or approximately 65.1% of SKT's average daily trading volume over the past month, of 823,560 shares. Particularly high volume was seen for the $40 strike call option expiring June 16, 2017 , with 5,104 contracts trading so far today, representing approximately 510,400 underlying shares of SKT. Below is a chart showing SKT's trailing twelve month trading history, with the $40 strike highlighted in orange:

For the various different available expirations for XBIT options , CTSH options , or SKT 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.

In This Story

CTSH XBIT SKT

Other Topics

Options

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More