Noteworthy Wednesday Option Activity: LULU, AVGO, AMSC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in lululemon athletica inc (Symbol: LULU), where a total volume of 54,815 contracts has been traded thus far today, a contract volume which is representative of approximately 5.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 176.7% of LULU's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $260 strike call option expiring June 13, 2025, with 4,306 contracts trading so far today, representing approximately 430,600 underlying shares of LULU. Below is a chart showing LULU's trailing twelve month trading history, with the $260 strike highlighted in orange:

Broadcom Inc (Symbol: AVGO) options are showing a volume of 298,451 contracts thus far today. That number of contracts represents approximately 29.8 million underlying shares, working out to a sizeable 127.9% of AVGO's average daily trading volume over the past month, of 23.3 million shares. Particularly high volume was seen for the $260 strike call option expiring June 20, 2025, with 25,559 contracts trading so far today, representing approximately 2.6 million underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $260 strike highlighted in orange:

And American Superconductor Corp. (Symbol: AMSC) options are showing a volume of 11,781 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 116% of AMSC's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $28 strike put option expiring June 20, 2025, with 1,396 contracts trading so far today, representing approximately 139,600 underlying shares of AMSC. Below is a chart showing AMSC's trailing twelve month trading history, with the $28 strike highlighted in orange:

For the various different available expirations for LULU options, AVGO options, or AMSC options, visit StockOptionsChannel.com.

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

Also see:

• Top Ten Hedge Funds Holding AMS
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• ULCM Videos

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