Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Diamondback Energy, Inc. (Symbol: FANG), where a total volume of 8,367 contracts has been traded thus far today, a contract volume which is representative of approximately 836,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.2% of FANG’s average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $142 strike put option expiring September 29, 2023, with 1,215 contracts trading so far today, representing approximately 121,500 underlying shares of FANG. Below is a chart showing FANG’s trailing twelve month trading history, with the $142 strike highlighted in orange:
Align Technology Inc (Symbol: ALGN) saw options trading volume of 2,248 contracts, representing approximately 224,800 underlying shares or approximately 45.2% of ALGN’s average daily trading volume over the past month, of 497,820 shares.
Particularly high volume was seen for the $370 strike put option expiring September 01, 2023, with 114 contracts trading so far today, representing approximately 11,400 underlying shares of ALGN. Below is a chart showing ALGN’s trailing twelve month trading history, with the $370 strike highlighted in orange:
And Twilio Inc (Symbol: TWLO) saw options trading volume of 17,122 contracts, representing approximately 1.7 million underlying shares or approximately 44.8% of TWLO’s average daily trading volume over the past month, of 3.8 million shares.
Particularly high volume was seen for the $50 strike put option expiring September 15, 2023, with 1,756 contracts trading so far today, representing approximately 175,600 underlying shares of TWLO. Below is a chart showing TWLO’s trailing twelve month trading history, with the $50 strike highlighted in orange:
For the various different available expirations for FANG options, ALGN options, or TWLO options, visit StockOptionsChannel.com.
Also see:
Healthcare Stocks Hedge Funds Are Buying
ACCD market cap history
Institutional Holders of SDNA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
