Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Square Inc (Symbol: SQ), where a total volume of 58,111 contracts has been traded thus far today, a contract volume which is representative of approximately 5.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.8% of SQ's average daily trading volume over the past month, of 12.2 million shares. Especially high volume was seen for the $155 strike call option expiring August 28, 2020, with 5,072 contracts trading so far today, representing approximately 507,200 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $155 strike highlighted in orange:
DMC Global Inc (Symbol: BOOM) saw options trading volume of 609 contracts, representing approximately 60,900 underlying shares or approximately 46.5% of BOOM's average daily trading volume over the past month, of 131,035 shares. Particularly high volume was seen for the $50 strike call option expiring September 18, 2020, with 200 contracts trading so far today, representing approximately 20,000 underlying shares of BOOM. Below is a chart showing BOOM's trailing twelve month trading history, with the $50 strike highlighted in orange:
And US Bancorp (Symbol: USB) saw options trading volume of 25,643 contracts, representing approximately 2.6 million underlying shares or approximately 46.4% of USB's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $36 strike put option expiring August 28, 2020, with 5,566 contracts trading so far today, representing approximately 556,600 underlying shares of USB. Below is a chart showing USB's trailing twelve month trading history, with the $36 strike highlighted in orange:
For the various different available expirations for SQ options, BOOM options, or USB options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
