Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Boston Beer Co Inc (Symbol: SAM), where a total volume of 1,133 contracts has been traded thus far today, a contract volume which is representative of approximately 113,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.3% of SAM's average daily trading volume over the past month, of 201,125 shares. Particularly high volume was seen for the $540 strike put option expiring March 19, 2021, with 100 contracts trading so far today, representing approximately 10,000 underlying shares of SAM. Below is a chart showing SAM's trailing twelve month trading history, with the $540 strike highlighted in orange:
Invitae Corp (Symbol: NVTA) options are showing a volume of 11,806 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 56% of NVTA's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $20 strike call option expiring September 18, 2020, with 2,004 contracts trading so far today, representing approximately 200,400 underlying shares of NVTA. Below is a chart showing NVTA's trailing twelve month trading history, with the $20 strike highlighted in orange:
And Delek US Holdings Inc (Symbol: DK) saw options trading volume of 5,545 contracts, representing approximately 554,500 underlying shares or approximately 55.5% of DK's average daily trading volume over the past month, of 998,320 shares. Particularly high volume was seen for the $15 strike put option expiring October 16, 2020, with 5,051 contracts trading so far today, representing approximately 505,100 underlying shares of DK. Below is a chart showing DK's trailing twelve month trading history, with the $15 strike highlighted in orange:
For the various different available expirations for SAM options, NVTA options, or DK 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.
