Noteworthy Friday Option Activity: OLMA, TGT, LAZ Friday, February 9, 4:41 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Open Lending Corporation - Class A (NASDAQ:LPRO), where a total volume of 4,365 contracts has been traded thus far today, a contract volume which is representative of approximately 436,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of LPRO's average daily trading volume over the past month, of 998,910 shares. Especially high volume was seen for the $7.50 strike call option expiring May 19, 2023, with 4,290 contracts trading so far today, representing approximately 429,000 underlying shares of LPRO. Below is a chart showing LPRO's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
Laredo Petroleum, Inc (LPI) saw options trading volume of 2,426 contracts, representing approximately 242,600 underlying shares or approximately 42.6% of LPI's average daily trading volume over the past month, of 568,850 shares.
Especially high volume was seen for the $80 strike call option expiring April 21, 2023, with 1,830 contracts trading so far today, representing approximately 183,000 underlying shares of LPI. Below is a chart showing LPI's trailing twelve month trading history, with the $80 strike highlighted in orange:
And Target Corp (NYSE:TGT) options are showing a volume of 29,980 contracts thus far today. That number of contracts represents approximately 3.0 million underlying shares, working out to a sizeable 42.5% of TGT's average daily trading volume over the past month, of 7.1 million shares.
Especially high volume was seen for the $165 strike call option expiring December 02, 2022, with 3,052 contracts trading so far today, representing approximately 305,200 underlying shares of TGT. Below is a chart showing TGT's trailing twelve month trading history, with the $165 strike highlighted in orange:
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