Noteworthy Monday Option Activity: TNET, ORA, ORCL
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Trinet Group Inc. (Symbol: TNET), where a total volume of 2,530 contracts has been traded thus far today, a contract volume which is representative of approximately 253,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57.3% of TNET's average daily trading volume over the past month, of 441,275 shares. Particularly high volume was seen for the $75 strike call option expiring August 21, 2026, with 2,521 contracts trading so far today, representing approximately 252,100 underlying shares of TNET. Below is a chart showing TNET's trailing twelve month trading history, with the $75 strike highlighted in orange:
Ormat Technologies Inc (Symbol: ORA) saw options trading volume of 4,981 contracts, representing approximately 498,100 underlying shares or approximately 55.4% of ORA's average daily trading volume over the past month, of 899,200 shares. Particularly high volume was seen for the $105 strike put option expiring June 17, 2027, with 2,460 contracts trading so far today, representing approximately 246,000 underlying shares of ORA. Below is a chart showing ORA's trailing twelve month trading history, with the $105 strike highlighted in orange:
And Oracle Corp (Symbol: ORCL) options are showing a volume of 171,481 contracts thus far today. That number of contracts represents approximately 17.1 million underlying shares, working out to a sizeable 53.3% of ORCL's average daily trading volume over the past month, of 32.2 million shares. Particularly high volume was seen for the $105 strike put option expiring October 16, 2026, with 11,206 contracts trading so far today, representing approximately 1.1 million underlying shares of ORCL. Below is a chart showing ORCL's trailing twelve month trading history, with the $105 strike highlighted in orange:
For the various different available expirations for TNET options, ORA options, or ORCL options, visit StockOptionsChannel.com.
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