Noteworthy Thursday Option Activity: SNPS, ENVX, AXP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Synopsys Inc (Symbol: SNPS), where a total volume of 7,750 contracts has been traded thus far today, a contract volume which is representative of approximately 775,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.3% of SNPS's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $600 strike call option expiring March 15, 2024, with 1,037 contracts trading so far today, representing approximately 103,700 underlying shares of SNPS. Below is a chart showing SNPS's trailing twelve month trading history, with the $600 strike highlighted in orange:

Enovix Corp (Symbol: ENVX) options are showing a volume of 17,727 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 46.8% of ENVX's average daily trading volume over the past month, of 3.8 million shares. Particularly high volume was seen for the $11 strike call option expiring July 19, 2024, with 3,816 contracts trading so far today, representing approximately 381,600 underlying shares of ENVX. Below is a chart showing ENVX's trailing twelve month trading history, with the $11 strike highlighted in orange:

And American Express Co. (Symbol: AXP) saw options trading volume of 17,959 contracts, representing approximately 1.8 million underlying shares or approximately 46.6% of AXP's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $205 strike put option expiring February 16, 2024, with 1,545 contracts trading so far today, representing approximately 154,500 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $205 strike highlighted in orange:

For the various different available expirations for SNPS options, ENVX options, or AXP options, visit StockOptionsChannel.com.

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

Also see:

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