Noteworthy Friday Option Activity: ADBE, TDS, HOOD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adobe Inc (Symbol: ADBE), where a total volume of 116,163 contracts has been traded thus far today, a contract volume which is representative of approximately 11.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 427% of ADBE's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $560 strike call option expiring February 16, 2024, with 2,863 contracts trading so far today, representing approximately 286,300 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $560 strike highlighted in orange:

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Telephone & Data Systems Inc (Symbol: TDS) options are showing a volume of 25,744 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 276.2% of TDS's average daily trading volume over the past month, of 932,005 shares. Especially high volume was seen for the $15 strike put option expiring February 16, 2024, with 5,271 contracts trading so far today, representing approximately 527,100 underlying shares of TDS. Below is a chart showing TDS's trailing twelve month trading history, with the $15 strike highlighted in orange:

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And Robinhood Markets Inc (Symbol: HOOD) options are showing a volume of 322,027 contracts thus far today. That number of contracts represents approximately 32.2 million underlying shares, working out to a sizeable 230.7% of HOOD's average daily trading volume over the past month, of 14.0 million shares. Especially high volume was seen for the $14 strike call option expiring February 16, 2024, with 45,212 contracts trading so far today, representing approximately 4.5 million underlying shares of HOOD. Below is a chart showing HOOD's trailing twelve month trading history, with the $14 strike highlighted in orange:

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For the various different available expirations for ADBE options, TDS options, or HOOD options, visit StockOptionsChannel.com.

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