Noteworthy Tuesday Option Activity: BURL, BYON, LOW

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Burlington Stores Inc (Symbol: BURL), where a total volume of 7,637 contracts has been traded thus far today, a contract volume which is representative of approximately 763,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.6% of BURL's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $230 strike call option expiring July 05, 2024, with 2,158 contracts trading so far today, representing approximately 215,800 underlying shares of BURL. Below is a chart showing BURL's trailing twelve month trading history, with the $230 strike highlighted in orange:

Beyond Inc (Symbol: BYON) options are showing a volume of 9,945 contracts thus far today. That number of contracts represents approximately 994,500 underlying shares, working out to a sizeable 54% of BYON's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $12.50 strike put option expiring December 20, 2024, with 2,238 contracts trading so far today, representing approximately 223,800 underlying shares of BYON. Below is a chart showing BYON's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

And Lowe's Companies Inc (Symbol: LOW) options are showing a volume of 13,262 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 52.8% of LOW's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $215 strike put option expiring July 19, 2024, with 2,522 contracts trading so far today, representing approximately 252,200 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $215 strike highlighted in orange:

For the various different available expirations for BURL options, BYON options, or LOW options, visit StockOptionsChannel.com.

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