Noteworthy Monday Option Activity: BLMN, Z, ARCH

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Bloomin' Brands Inc (Symbol: BLMN), where a total of 6,899 contracts have traded so far, representing approximately 689,900 underlying shares. That amounts to about 63.1% of BLMN's average daily trading volume over the past month of 1.1 million shares. Especially high volume was seen for the $25 strike call option expiring November 17, 2023, with 6,442 contracts trading so far today, representing approximately 644,200 underlying shares of BLMN. Below is a chart showing BLMN's trailing twelve month trading history, with the $25 strike highlighted in orange:

Zillow Group Inc (Symbol: Z) options are showing a volume of 13,820 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 62.9% of Z's average daily trading volume over the past month, of 2.2 million shares. Particularly high volume was seen for the $60 strike call option expiring December 15, 2023, with 2,128 contracts trading so far today, representing approximately 212,800 underlying shares of Z. Below is a chart showing Z's trailing twelve month trading history, with the $60 strike highlighted in orange:

And Arch Resources Inc (Symbol: ARCH) options are showing a volume of 2,735 contracts thus far today. That number of contracts represents approximately 273,500 underlying shares, working out to a sizeable 62% of ARCH's average daily trading volume over the past month, of 441,395 shares. Especially high volume was seen for the $150 strike call option expiring November 17, 2023, with 1,913 contracts trading so far today, representing approximately 191,300 underlying shares of ARCH. Below is a chart showing ARCH's trailing twelve month trading history, with the $150 strike highlighted in orange:

For the various different available expirations for BLMN options, Z options, or ARCH options, visit StockOptionsChannel.com.

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