Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Okta Inc (NASDAQ:OKTA), where a total volume of 11,142 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48% of OKTA's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $100 strike put option expiring June 19, 2020, with 1,155 contracts trading so far today, representing approximately 115,500 underlying shares of OKTA. Below is a chart showing OKTA's trailing twelve month trading history, with the $100 strike highlighted in orange:
Brookdale Senior Living Inc (NYSE:BKD) saw options trading volume of 19,311 contracts, representing approximately 1.9 million underlying shares or approximately 47.4% of BKD's average daily trading volume over the past month, of 4.1 million shares.
Especially high volume was seen for the $3 strike put option expiring March 20, 2020, with 9,261 contracts trading so far today, representing approximately 926,100 underlying shares of BKD. Below is a chart showing BKD's trailing twelve month trading history, with the $3 strike highlighted in orange:
And Credit Acceptance Corp (NASDAQ:CACC) options are showing a volume of 900 contracts thus far today. That number of contracts represents approximately 90,000 underlying shares, working out to a sizeable 46.4% of CACC's average daily trading volume over the past month, of 193,830 shares.
Especially high volume was seen for the $290 strike put option expiring July 17, 2020, with 57 contracts trading so far today, representing approximately 5,700 underlying shares of CACC. Below is a chart showing CACC's trailing twelve month trading history, with the $290 strike highlighted in orange:
This Article's Word Cloud:ArialBelowCACCOKTAStockStrikeafterLeftLabelsapproximatelyaverageaxisColorbackgroundbeforeLeftLabelsbkgImagebnkinvestbottomBufferbottomLabelsbottomTableHeightchartchartBackgroundColorclientIdcontractsdailydocumentexpiringfillBelowLinefillColorfontFacefontSizegridBackgroundColorgridColorgridLocationheighthighhighlightedhistorylabelColorlabelSideleftmillionmonthoptionsrepresentingsharesshowingstriketodaytradingunderlyingvolumewith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.