Noteworthy Tuesday Option Activity: STNG, CSTM, UBER

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Scorpio Tankers Inc (Symbol: STNG), where a total volume of 3,447 contracts has been traded thus far today, a contract volume which is representative of approximately 344,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.5% of STNG's average daily trading volume over the past month, of 725,650 shares. Particularly high volume was seen for the $70 strike put option expiring July 19, 2024, with 1,355 contracts trading so far today, representing approximately 135,500 underlying shares of STNG. Below is a chart showing STNG's trailing twelve month trading history, with the $70 strike highlighted in orange:

Constellium SE (Symbol: CSTM) options are showing a volume of 5,321 contracts thus far today. That number of contracts represents approximately 532,100 underlying shares, working out to a sizeable 46.8% of CSTM's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $20 strike put option expiring July 19, 2024, with 2,800 contracts trading so far today, representing approximately 280,000 underlying shares of CSTM. Below is a chart showing CSTM's trailing twelve month trading history, with the $20 strike highlighted in orange:

And Uber Technologies Inc (Symbol: UBER) options are showing a volume of 72,416 contracts thus far today. That number of contracts represents approximately 7.2 million underlying shares, working out to a sizeable 46.4% of UBER's average daily trading volume over the past month, of 15.6 million shares. Especially high volume was seen for the $72 strike call option expiring June 28, 2024, with 5,224 contracts trading so far today, representing approximately 522,400 underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $72 strike highlighted in orange:

For the various different available expirations for STNG options, CSTM options, or UBER options, visit StockOptionsChannel.com.

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

Also see: