Noteworthy Tuesday Option Activity: AMZN, COST, AM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Amazon.com Inc (Symbol: AMZN), where a total volume of 506,863 contracts has been traded thus far today, a contract volume which is representative of approximately 50.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 165.3% of AMZN's average daily trading volume over the past month, of 30.7 million shares. Especially high volume was seen for the $240 strike call option expiring January 31, 2025, with 56,707 contracts trading so far today, representing approximately 5.7 million underlying shares of AMZN. Below is a chart showing AMZN's trailing twelve month trading history, with the $240 strike highlighted in orange:

Costco Wholesale Corp (Symbol: COST) saw options trading volume of 29,080 contracts, representing approximately 2.9 million underlying shares or approximately 155.5% of COST's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $980 strike call option expiring January 31, 2025, with 5,846 contracts trading so far today, representing approximately 584,600 underlying shares of COST. Below is a chart showing COST's trailing twelve month trading history, with the $980 strike highlighted in orange:

And Antero Midstream Corp (Symbol: AM) saw options trading volume of 32,320 contracts, representing approximately 3.2 million underlying shares or approximately 140.4% of AM's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $16 strike put option expiring March 21, 2025, with 16,605 contracts trading so far today, representing approximately 1.7 million underlying shares of AM. Below is a chart showing AM's trailing twelve month trading history, with the $16 strike highlighted in orange:

For the various different available expirations for AMZN options, COST options, or AM options, visit StockOptionsChannel.com.

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