Noteworthy Thursday Option Activity: SBUX, VRT, ALTG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 31,981 contracts has been traded thus far today, a contract volume which is representative of approximately 3.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.8% of SBUX's average daily trading volume over the past month, of 7.5 million shares. Particularly high volume was seen for the $91 strike call option expiring March 15, 2024, with 4,365 contracts trading so far today, representing approximately 436,500 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $91 strike highlighted in orange:

Vertiv Holdings Co (Symbol: VRT) options are showing a volume of 36,421 contracts thus far today. That number of contracts represents approximately 3.6 million underlying shares, working out to a sizeable 42.4% of VRT's average daily trading volume over the past month, of 8.6 million shares. Especially high volume was seen for the $67 strike put option expiring March 22, 2024, with 5,214 contracts trading so far today, representing approximately 521,400 underlying shares of VRT. Below is a chart showing VRT's trailing twelve month trading history, with the $67 strike highlighted in orange:

And Alta Equipment Group Inc (Symbol: ALTG) options are showing a volume of 846 contracts thus far today. That number of contracts represents approximately 84,600 underlying shares, working out to a sizeable 41.9% of ALTG's average daily trading volume over the past month, of 201,910 shares. Especially high volume was seen for the $12.50 strike put option expiring July 19, 2024, with 503 contracts trading so far today, representing approximately 50,300 underlying shares of ALTG. Below is a chart showing ALTG's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

For the various different available expirations for SBUX options, VRT options, or ALTG options, visit StockOptionsChannel.com.

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