Dividends

Noteworthy Wednesday Option Activity: OLED, PTLA, TWLO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Universal Display Corp (Symbol: OLED), where a total volume of 2,758 contracts has been traded thus far today, a contract volume which is representative of approximately 275,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.6% of OLED's average daily trading volume over the past month, of 578,910 shares. Especially high volume was seen for the $200 strike call option expiring May 17, 2019, with 211 contracts trading so far today, representing approximately 21,100 underlying shares of OLED. Below is a chart showing OLED's trailing twelve month trading history, with the $200 strike highlighted in orange:

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Portola Pharmaceuticals, Inc. (Symbol: PTLA) saw options trading volume of 4,286 contracts, representing approximately 428,600 underlying shares or approximately 45.1% of PTLA's average daily trading volume over the past month, of 950,520 shares. Particularly high volume was seen for the $45 strike call option expiring May 17, 2019, with 2,866 contracts trading so far today, representing approximately 286,600 underlying shares of PTLA. Below is a chart showing PTLA's trailing twelve month trading history, with the $45 strike highlighted in orange:

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And Twilio Inc (Symbol: TWLO) options are showing a volume of 14,250 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 44.9% of TWLO's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $130 strike call option expiring April 26, 2019, with 1,885 contracts trading so far today, representing approximately 188,500 underlying shares of TWLO. Below is a chart showing TWLO's trailing twelve month trading history, with the $130 strike highlighted in orange:

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For the various different available expirations for OLED options, PTLA options, or TWLO options, visit StockOptionsChannel.com.

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

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OLED PTLA TWLO