Noteworthy Friday Option Activity: CVX, DVN, RAMP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chevron Corporation (Symbol: CVX), where a total volume of 35,164 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.9% of CVX's average daily trading volume over the past month, of 8.2 million shares. Particularly high volume was seen for the $125 strike put option expiring June 21, 2024, with 3,013 contracts trading so far today, representing approximately 301,300 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $125 strike highlighted in orange:

Devon Energy Corp. (Symbol: DVN) saw options trading volume of 33,528 contracts, representing approximately 3.4 million underlying shares or approximately 42.6% of DVN's average daily trading volume over the past month, of 7.9 million shares. Especially high volume was seen for the $50 strike call option expiring March 15, 2024, with 2,355 contracts trading so far today, representing approximately 235,500 underlying shares of DVN. Below is a chart showing DVN's trailing twelve month trading history, with the $50 strike highlighted in orange:

And LiveRamp Holdings Inc (Symbol: RAMP) options are showing a volume of 3,060 contracts thus far today. That number of contracts represents approximately 306,000 underlying shares, working out to a sizeable 42% of RAMP's average daily trading volume over the past month, of 728,510 shares. Especially high volume was seen for the $35 strike put option expiring April 19, 2024, with 1,491 contracts trading so far today, representing approximately 149,100 underlying shares of RAMP. Below is a chart showing RAMP's trailing twelve month trading history, with the $35 strike highlighted in orange:

For the various different available expirations for CVX options, DVN options, or RAMP options, visit StockOptionsChannel.com.

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