Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Airbnb Inc (Symbol: ABNB), where a total volume of 26,071 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.7% of ABNB's average daily trading volume over the past month, of 5.6 million shares. Particularly high volume was seen for the $120 strike call option expiring October 21, 2022, with 1,235 contracts trading so far today, representing approximately 123,500 underlying shares of ABNB. Below is a chart showing ABNB's trailing twelve month trading history, with the $120 strike highlighted in orange:
Markel Corp (Symbol: MKL) options are showing a volume of 198 contracts thus far today. That number of contracts represents approximately 19,800 underlying shares, working out to a sizeable 46.1% of MKL's average daily trading volume over the past month, of 42,920 shares. Especially high volume was seen for the $600 strike put option expiring October 21, 2022, with 130 contracts trading so far today, representing approximately 13,000 underlying shares of MKL. Below is a chart showing MKL's trailing twelve month trading history, with the $600 strike highlighted in orange:
And Gannett Co Inc (Symbol: GCI) options are showing a volume of 5,844 contracts thus far today. That number of contracts represents approximately 584,400 underlying shares, working out to a sizeable 45.6% of GCI's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $2.50 strike call option expiring December 16, 2022, with 5,527 contracts trading so far today, representing approximately 552,700 underlying shares of GCI. Below is a chart showing GCI's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
For the various different available expirations for ABNB options, MKL options, or GCI options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
