Noteworthy Friday Option Activity: BURL, ITCI, CART

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Burlington Stores Inc (Symbol: BURL), where a total volume of 5,539 contracts has been traded thus far today, a contract volume which is representative of approximately 553,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80% of BURL's average daily trading volume over the past month, of 692,270 shares. Especially high volume was seen for the $255 strike call option expiring April 05, 2024, with 1,933 contracts trading so far today, representing approximately 193,300 underlying shares of BURL. Below is a chart showing BURL's trailing twelve month trading history, with the $255 strike highlighted in orange:

Intra-Cellular Therapies Inc (Symbol: ITCI) options are showing a volume of 6,522 contracts thus far today. That number of contracts represents approximately 652,200 underlying shares, working out to a sizeable 74.9% of ITCI's average daily trading volume over the past month, of 870,675 shares. Particularly high volume was seen for the $60 strike put option expiring April 19, 2024, with 1,135 contracts trading so far today, representing approximately 113,500 underlying shares of ITCI. Below is a chart showing ITCI's trailing twelve month trading history, with the $60 strike highlighted in orange:

And Maplebear Inc (Symbol: CART) options are showing a volume of 38,019 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 65.3% of CART's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $32 strike call option expiring March 01, 2024, with 7,413 contracts trading so far today, representing approximately 741,300 underlying shares of CART. Below is a chart showing CART's trailing twelve month trading history, with the $32 strike highlighted in orange:

For the various different available expirations for BURL options, ITCI options, or CART options, visit StockOptionsChannel.com.

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