Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Teladoc Health Inc (NYSE:TDOC), where a total volume of 15,139 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.3% of TDOC's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $155 strike call option expiring November 19, 2021, with 570 contracts trading so far today, representing approximately 57,000 underlying shares of TDOC. Below is a chart showing TDOC's trailing twelve month trading history, with the $155 strike highlighted in orange:
CDK Global Inc (NASDAQ:CDK) options are showing a volume of 3,347 contracts thus far today. That number of contracts represents approximately 334,700 underlying shares, working out to a sizeable 58.8% of CDK's average daily trading volume over the past month, of 569,590 shares.
Especially high volume was seen for the $55 strike call option expiring August 20, 2021, with 2,595 contracts trading so far today, representing approximately 259,500 underlying shares of CDK. Below is a chart showing CDK's trailing twelve month trading history, with the $55 strike highlighted in orange:
And Tripadvisor Inc (NASDAQ:TRIP) saw options trading volume of 12,615 contracts, representing approximately 1.3 million underlying shares or approximately 57.9% of TRIP's average daily trading volume over the past month, of 2.2 million shares.
Especially high volume was seen for the $41.50 strike call option expiring January 21, 2022, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of TRIP. Below is a chart showing TRIP's trailing twelve month trading history, with the $41.50 strike highlighted in orange:
This Article's Word Cloud:ArialBelowEspeciallyStockStrikeTDOCTRIPafterLeftLabelsapproximatelyaverageaxisColorbackgroundbeforeLeftLabelsbkgImagebnkinvestbottomBufferbottomLabelsbottomTableHeightcallchartchartBackgroundColorclientIdcontractsdailydocumentexpiringfillBelowLinefillColorfontFacefontSizegridBackgroundColorgridColorgridLocationheighthighhighlightedhistorylabelColormillionmonthoptionsrepresentingsharesshowingstriketodaytradingunderlyingvolumewith
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.