Noteworthy Wednesday Option Activity: SQ, UHS, AMRK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (Symbol: SQ), where a total volume of 40,492 contracts has been traded thus far today, a contract volume which is representative of approximately 4.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of SQ's average daily trading volume over the past month, of 6.9 million shares. Particularly high volume was seen for the $82.50 strike put option expiring April 19, 2024, with 4,907 contracts trading so far today, representing approximately 490,700 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $82.50 strike highlighted in orange:

Universal Health Services, Inc. (Symbol: UHS) saw options trading volume of 3,405 contracts, representing approximately 340,500 underlying shares or approximately 56.9% of UHS's average daily trading volume over the past month, of 598,780 shares. Especially high volume was seen for the $170 strike put option expiring April 19, 2024, with 1,680 contracts trading so far today, representing approximately 168,000 underlying shares of UHS. Below is a chart showing UHS's trailing twelve month trading history, with the $170 strike highlighted in orange:

And A-Mark Precious Metals, Inc (Symbol: AMRK) options are showing a volume of 3,325 contracts thus far today. That number of contracts represents approximately 332,500 underlying shares, working out to a sizeable 56.9% of AMRK's average daily trading volume over the past month, of 584,205 shares. Especially high volume was seen for the $40 strike put option expiring May 17, 2024, with 1,689 contracts trading so far today, representing approximately 168,900 underlying shares of AMRK. Below is a chart showing AMRK's trailing twelve month trading history, with the $40 strike highlighted in orange:

For the various different available expirations for SQ options, UHS options, or AMRK options, visit StockOptionsChannel.com.

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