Markets

Noteworthy Monday Option Activity: ALGN, WYNN, SBAC

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Align Technology Inc (Symbol: ALGN), where a total volume of 7,062 contracts has been traded thus far today, a contract volume which is representative of approximately 706,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.8% of ALGN's average daily trading volume over the past month, of 813,595 shares. Particularly high volume was seen for the $270 strike put option expiring June 21, 2019, with 337 contracts trading so far today, representing approximately 33,700 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $270 strike highlighted in orange:

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Wynn Resorts Ltd (Symbol: WYNN) saw options trading volume of 11,666 contracts, representing approximately 1.2 million underlying shares or approximately 61.2% of WYNN's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $120 strike call option expiring July 12, 2019, with 2,131 contracts trading so far today, representing approximately 213,100 underlying shares of WYNN. Below is a chart showing WYNN's trailing twelve month trading history, with the $120 strike highlighted in orange:

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And SBA Communications Corp (Symbol: SBAC) options are showing a volume of 3,948 contracts thus far today. That number of contracts represents approximately 394,800 underlying shares, working out to a sizeable 56.1% of SBAC's average daily trading volume over the past month, of 704,010 shares. Especially high volume was seen for the $185 strike put option expiring September 20, 2019, with 996 contracts trading so far today, representing approximately 99,600 underlying shares of SBAC. Below is a chart showing SBAC's trailing twelve month trading history, with the $185 strike highlighted in orange:

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For the various different available expirations for ALGN options, WYNN options, or SBAC 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.

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