Markets

Noteworthy Wednesday Option Activity: SMTC, IBM, EBIX

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Semtech Corp. (Symbol: SMTC), where a total volume of 2,671 contracts has been traded thus far today, a contract volume which is representative of approximately 267,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.7% of SMTC's average daily trading volume over the past month, of 584,600 shares. Particularly high volume was seen for the $33 strike put option expiring March 16, 2018 , with 2,494 contracts trading so far today, representing approximately 249,400 underlying shares of SMTC. Below is a chart showing SMTC's trailing twelve month trading history, with the $33 strike highlighted in orange:

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International Business Machines Corp (Symbol: IBM) options are showing a volume of 22,162 contracts thus far today. That number of contracts represents approximately 2.2 million underlying shares, working out to a sizeable 45% of IBM's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $160 strike call option expiring March 09, 2018 , with 3,057 contracts trading so far today, representing approximately 305,700 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $160 strike highlighted in orange:

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And Ebix Inc (Symbol: EBIX) saw options trading volume of 984 contracts, representing approximately 98,400 underlying shares or approximately 44.6% of EBIX's average daily trading volume over the past month, of 220,655 shares. Particularly high volume was seen for the $75 strike put option expiring June 15, 2018 , with 250 contracts trading so far today, representing approximately 25,000 underlying shares of EBIX. Below is a chart showing EBIX's trailing twelve month trading history, with the $75 strike highlighted in orange:

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For the various different available expirations for SMTC options , IBM options , or EBIX options , visit StockOptionsChannel.com.

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

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


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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