Noteworthy Wednesday Option Activity: X, CSTM, AMBC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United States Steel Corp. (Symbol: X), where a total volume of 72,087 contracts has been traded thus far today, a contract volume which is representative of approximately 7.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 274.1% of X's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $25 strike put option expiring January 17, 2025, with 16,512 contracts trading so far today, representing approximately 1.7 million underlying shares of X. Below is a chart showing X's trailing twelve month trading history, with the $25 strike highlighted in orange:

Constellium SE (Symbol: CSTM) options are showing a volume of 21,724 contracts thus far today. That number of contracts represents approximately 2.2 million underlying shares, working out to a sizeable 251.3% of CSTM's average daily trading volume over the past month, of 864,370 shares. Especially high volume was seen for the $20 strike put option expiring June 14, 2024, with 15,296 contracts trading so far today, representing approximately 1.5 million underlying shares of CSTM. Below is a chart showing CSTM's trailing twelve month trading history, with the $20 strike highlighted in orange:

And Ambac Financial Group, Inc. (Symbol: AMBC) options are showing a volume of 9,245 contracts thus far today. That number of contracts represents approximately 924,500 underlying shares, working out to a sizeable 206.3% of AMBC's average daily trading volume over the past month, of 448,110 shares. Particularly high volume was seen for the $18 strike call option expiring August 16, 2024, with 4,193 contracts trading so far today, representing approximately 419,300 underlying shares of AMBC. Below is a chart showing AMBC's trailing twelve month trading history, with the $18 strike highlighted in orange:

For the various different available expirations for X options, CSTM options, or AMBC options, visit StockOptionsChannel.com.

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

Also see:

• Top Stocks Held By Prem Watsa
• Institutional Holders of RTHP
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