Noteworthy Thursday Option Activity: PRAX, CVNA, AMPY

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Praxis Precision Medicines Inc (Symbol: PRAX), where a total volume of 5,766 contracts has been traded thus far today, a contract volume which is representative of approximately 576,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 233.4% of PRAX's average daily trading volume over the past month, of 247,040 shares. Especially high volume was seen for the $22.50 strike call option expiring February 21, 2025, with 1,614 contracts trading so far today, representing approximately 161,400 underlying shares of PRAX. Below is a chart showing PRAX's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

Carvana Co (Symbol: CVNA) saw options trading volume of 74,712 contracts, representing approximately 7.5 million underlying shares or approximately 217.2% of CVNA's average daily trading volume over the past month, of 3.4 million shares. Especially high volume was seen for the $180 strike call option expiring October 11, 2024, with 6,634 contracts trading so far today, representing approximately 663,400 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $180 strike highlighted in orange:

And Amplify Energy Corp (Symbol: AMPY) saw options trading volume of 4,707 contracts, representing approximately 470,700 underlying shares or approximately 154.7% of AMPY's average daily trading volume over the past month, of 304,205 shares. Especially high volume was seen for the $5 strike call option expiring January 17, 2025, with 4,459 contracts trading so far today, representing approximately 445,900 underlying shares of AMPY. Below is a chart showing AMPY's trailing twelve month trading history, with the $5 strike highlighted in orange:

For the various different available expirations for PRAX options, CVNA options, or AMPY options, visit StockOptionsChannel.com.

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