Noteworthy Wednesday Option Activity: UBER, RBLX, CNMD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Uber Technologies Inc (Symbol: UBER), where a total volume of 106,912 contracts has been traded thus far today, a contract volume which is representative of approximately 10.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.6% of UBER's average daily trading volume over the past month, of 16.0 million shares. Particularly high volume was seen for the $75 strike put option expiring November 01, 2024, with 7,614 contracts trading so far today, representing approximately 761,400 underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $75 strike highlighted in orange:

Roblox Corp (Symbol: RBLX) saw options trading volume of 50,343 contracts, representing approximately 5.0 million underlying shares or approximately 66.5% of RBLX's average daily trading volume over the past month, of 7.6 million shares. Particularly high volume was seen for the $48 strike call option expiring November 29, 2024, with 3,603 contracts trading so far today, representing approximately 360,300 underlying shares of RBLX. Below is a chart showing RBLX's trailing twelve month trading history, with the $48 strike highlighted in orange:

And CONMED Corp (Symbol: CNMD) options are showing a volume of 2,493 contracts thus far today. That number of contracts represents approximately 249,300 underlying shares, working out to a sizeable 64.3% of CNMD's average daily trading volume over the past month, of 387,935 shares. Particularly high volume was seen for the $80 strike call option expiring May 16, 2025, with 1,211 contracts trading so far today, representing approximately 121,100 underlying shares of CNMD. Below is a chart showing CNMD's trailing twelve month trading history, with the $80 strike highlighted in orange:

For the various different available expirations for UBER options, RBLX options, or CNMD 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.