Noteworthy Wednesday Option Activity: BECN, CFR, EIX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Beacon Roofing Supply Inc (Symbol: BECN), where a total volume of 3,748 contracts has been traded thus far today, a contract volume which is representative of approximately 374,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 69.3% of BECN's average daily trading volume over the past month, of 541,035 shares. Particularly high volume was seen for the $130 strike call option expiring April 17, 2025, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of BECN. Below is a chart showing BECN's trailing twelve month trading history, with the $130 strike highlighted in orange:

Cullen/Frost Bankers, Inc. (Symbol: CFR) saw options trading volume of 2,448 contracts, representing approximately 244,800 underlying shares or approximately 68.8% of CFR's average daily trading volume over the past month, of 355,985 shares. Particularly high volume was seen for the $140 strike call option expiring January 17, 2025, with 1,195 contracts trading so far today, representing approximately 119,500 underlying shares of CFR. Below is a chart showing CFR's trailing twelve month trading history, with the $140 strike highlighted in orange:

And Edison International (Symbol: EIX) options are showing a volume of 29,212 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 68.6% of EIX's average daily trading volume over the past month, of 4.3 million shares. Particularly high volume was seen for the $67.50 strike call option expiring February 21, 2025, with 5,420 contracts trading so far today, representing approximately 542,000 underlying shares of EIX. Below is a chart showing EIX's trailing twelve month trading history, with the $67.50 strike highlighted in orange:

For the various different available expirations for BECN options, CFR options, or EIX options, visit StockOptionsChannel.com.

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

Also see:

• DividendRank Canada
• Top Ten Hedge Funds Holding ZOM
• MACA market cap history

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