Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ambarella, Inc. (NASDAQ:AMBA), where a total volume of 3,368 contracts has been traded thus far today, a contract volume which is representative of approximately 336,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.4% of AMBA's average daily trading volume over the past month, of 472,025 shares. Especially high volume was seen for the $62.50 strike call option expiring November 15, 2019, with 646 contracts trading so far today, representing approximately 64,600 underlying shares of AMBA. Below is a chart showing AMBA's trailing twelve month trading history, with the $62.50 strike highlighted in orange:
Cardlytics Inc (NASDAQ:CDLX) options are showing a volume of 2,190 contracts thus far today. That number of contracts represents approximately 219,000 underlying shares, working out to a sizeable 67.8% of CDLX's average daily trading volume over the past month, of 323,010 shares.
Especially high volume was seen for the $50 strike put option expiring November 15, 2019, with 678 contracts trading so far today, representing approximately 67,800 underlying shares of CDLX. Below is a chart showing CDLX's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Alpha & Omega Semiconductor Ltd. (NASDAQ:AOSL) saw options trading volume of 706 contracts, representing approximately 70,600 underlying shares or approximately 67.6% of AOSL's average daily trading volume over the past month, of 104,470 shares.
Particularly high volume was seen for the $15 strike call option expiring June 19, 2020, with 490 contracts trading so far today, representing approximately 49,000 underlying shares of AOSL. Below is a chart showing AOSL's trailing twelve month trading history, with the $15 strike highlighted in orange:
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