Noteworthy Monday Option Activity: MAX, ABBV, WAL

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MediaAlpha Inc (Symbol: MAX), where a total of 4,106 contracts have traded so far, representing approximately 410,600 underlying shares. That amounts to about 62.3% of MAX's average daily trading volume over the past month of 658,995 shares. Especially high volume was seen for the $17.50 strike put option expiring July 19, 2024, with 2,129 contracts trading so far today, representing approximately 212,900 underlying shares of MAX. Below is a chart showing MAX's trailing twelve month trading history, with the $17.50 strike highlighted in orange:

AbbVie Inc (Symbol: ABBV) options are showing a volume of 33,717 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 61.8% of ABBV's average daily trading volume over the past month, of 5.5 million shares. Especially high volume was seen for the $185 strike call option expiring September 20, 2024, with 10,308 contracts trading so far today, representing approximately 1.0 million underlying shares of ABBV. Below is a chart showing ABBV's trailing twelve month trading history, with the $185 strike highlighted in orange:

And Western Alliance Bancorporation (Symbol: WAL) saw options trading volume of 5,100 contracts, representing approximately 510,000 underlying shares or approximately 61.2% of WAL's average daily trading volume over the past month, of 833,155 shares. Particularly high volume was seen for the $62 strike call option expiring June 28, 2024, with 923 contracts trading so far today, representing approximately 92,300 underlying shares of WAL. Below is a chart showing WAL's trailing twelve month trading history, with the $62 strike highlighted in orange:

For the various different available expirations for MAX options, ABBV options, or WAL options, visit StockOptionsChannel.com.

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