Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MicroStrategy Inc. (Symbol: MSTR), where a total volume of 15,710 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 157.5% of MSTR's average daily trading volume over the past month, of 997,580 shares. Particularly high volume was seen for the $1100 strike call option expiring February 19, 2021, with 1,020 contracts trading so far today, representing approximately 102,000 underlying shares of MSTR. Below is a chart showing MSTR's trailing twelve month trading history, with the $1100 strike highlighted in orange:
CloudFlare Inc (Symbol: NET) saw options trading volume of 53,738 contracts, representing approximately 5.4 million underlying shares or approximately 149.1% of NET's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $105 strike call option expiring February 19, 2021, with 8,653 contracts trading so far today, representing approximately 865,300 underlying shares of NET. Below is a chart showing NET's trailing twelve month trading history, with the $105 strike highlighted in orange:
And FutureFuel Corp (Symbol: FF) options are showing a volume of 2,461 contracts thus far today. That number of contracts represents approximately 246,100 underlying shares, working out to a sizeable 143.1% of FF's average daily trading volume over the past month, of 171,985 shares. Especially high volume was seen for the $17.50 strike call option expiring March 19, 2021, with 846 contracts trading so far today, representing approximately 84,600 underlying shares of FF. Below is a chart showing FF's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
For the various different available expirations for MSTR options, NET options, or FF 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.
