Noteworthy Tuesday Option Activity: COMM, CHPT, ADBE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CommScope Holding Co Inc (Symbol: COMM), where a total volume of 20,975 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 84.6% of COMM's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $4 strike call option expiring January 17, 2025, with 20,399 contracts trading so far today, representing approximately 2.0 million underlying shares of COMM. Below is a chart showing COMM's trailing twelve month trading history, with the $4 strike highlighted in orange:

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ChargePoint Holdings Inc (Symbol: CHPT) options are showing a volume of 148,417 contracts thus far today. That number of contracts represents approximately 14.8 million underlying shares, working out to a sizeable 76.5% of CHPT's average daily trading volume over the past month, of 19.4 million shares. Particularly high volume was seen for the $3 strike call option expiring October 27, 2023, with 70,350 contracts trading so far today, representing approximately 7.0 million underlying shares of CHPT. Below is a chart showing CHPT's trailing twelve month trading history, with the $3 strike highlighted in orange:

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And Adobe Inc (Symbol: ADBE) options are showing a volume of 18,802 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 73.1% of ADBE's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $540 strike put option expiring October 27, 2023, with 785 contracts trading so far today, representing approximately 78,500 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $540 strike highlighted in orange:

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For the various different available expirations for COMM options, CHPT options, or ADBE options, visit StockOptionsChannel.com.

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