Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Patterson-UTI Energy Inc. (Symbol: PTEN), where a total volume of 10,116 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46% of PTEN's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $12 strike put option expiring September 16, 2022, with 10,014 contracts trading so far today, representing approximately 1.0 million underlying shares of PTEN. Below is a chart showing PTEN's trailing twelve month trading history, with the $12 strike highlighted in orange:
Affirm Holdings Inc (Symbol: AFRM) options are showing a volume of 65,779 contracts thus far today. That number of contracts represents approximately 6.6 million underlying shares, working out to a sizeable 45.9% of AFRM's average daily trading volume over the past month, of 14.3 million shares. Especially high volume was seen for the $25 strike call option expiring September 02, 2022, with 2,718 contracts trading so far today, representing approximately 271,800 underlying shares of AFRM. Below is a chart showing AFRM's trailing twelve month trading history, with the $25 strike highlighted in orange:
And Surgery Partners Inc (Symbol: SGRY) saw options trading volume of 1,861 contracts, representing approximately 186,100 underlying shares or approximately 45.6% of SGRY's average daily trading volume over the past month, of 407,745 shares. Particularly high volume was seen for the $35 strike call option expiring December 16, 2022, with 1,502 contracts trading so far today, representing approximately 150,200 underlying shares of SGRY. Below is a chart showing SGRY's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for PTEN options, AFRM options, or SGRY 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.