Noteworthy Thursday Option Activity: LLY, CVNA, COGT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eli Lilly (Symbol: LLY), where a total volume of 130,995 contracts has been traded thus far today, a contract volume which is representative of approximately 13.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 322.4% of LLY's average daily trading volume over the past month, of 4.1 million shares. Especially high volume was seen for the $800 strike put option expiring May 02, 2025, with 6,593 contracts trading so far today, representing approximately 659,300 underlying shares of LLY. Below is a chart showing LLY's trailing twelve month trading history, with the $800 strike highlighted in orange:

Carvana Co (Symbol: CVNA) saw options trading volume of 132,732 contracts, representing approximately 13.3 million underlying shares or approximately 253.3% of CVNA's average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $255 strike call option expiring May 02, 2025, with 13,875 contracts trading so far today, representing approximately 1.4 million underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $255 strike highlighted in orange:

And Cogent Biosciences Inc (Symbol: COGT) options are showing a volume of 20,908 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 132.5% of COGT's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $5 strike call option expiring August 15, 2025, with 10,083 contracts trading so far today, representing approximately 1.0 million underlying shares of COGT. Below is a chart showing COGT's trailing twelve month trading history, with the $5 strike highlighted in orange:

For the various different available expirations for LLY options, CVNA options, or COGT options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:

• Funds Holding NEHC
• MANT shares outstanding history
• Top Ten Hedge Funds Holding LZ

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