Markets

Noteworthy Thursday Option Activity: STZ, URBN, THC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Constellation Brands Inc (Symbol: STZ), where a total volume of 13,724 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 110.8% of STZ's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $210 strike call option expiring January 19, 2018 , with 7,799 contracts trading so far today, representing approximately 779,900 underlying shares of STZ. Below is a chart showing STZ's trailing twelve month trading history, with the $210 strike highlighted in orange:

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Urban Outfitters, Inc. (Symbol: URBN) options are showing a volume of 35,603 contracts thus far today. That number of contracts represents approximately 3.6 million underlying shares, working out to a sizeable 83.5% of URBN's average daily trading volume over the past month, of 4.3 million shares. Particularly high volume was seen for the $16 strike put option expiring July 21, 2017 , with 35,040 contracts trading so far today, representing approximately 3.5 million underlying shares of URBN. Below is a chart showing URBN's trailing twelve month trading history, with the $16 strike highlighted in orange:

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And Tenet Healthcare Corp. (Symbol: THC) options are showing a volume of 14,967 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 69.5% of THC's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $22 strike call option expiring November 17, 2017 , with 6,260 contracts trading so far today, representing approximately 626,000 underlying shares of THC. Below is a chart showing THC's trailing twelve month trading history, with the $22 strike highlighted in orange:

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For the various different available expirations for STZ options , URBN options , or THC options , visit StockOptionsChannel.com.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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