Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Palo Alto Networks, Inc (NYSE:PANW), where a total volume of 4,130 contracts has been traded thus far today, a contract volume which is representative of approximately 413,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.6% of PANW's average daily trading volume over the past month, of 756,665 shares. Especially high volume was seen for the $350 strike call option expiring May 21, 2021, with 1,811 contracts trading so far today, representing approximately 181,100 underlying shares of PANW. Below is a chart showing PANW's trailing twelve month trading history, with the $350 strike highlighted in orange:
Paycom Software Inc (NYSE:PAYC) saw options trading volume of 1,991 contracts, representing approximately 199,100 underlying shares or approximately 53.9% of PAYC's average daily trading volume over the past month, of 369,715 shares.
Especially high volume was seen for the $310 strike call option expiring June 18, 2021, with 284 contracts trading so far today, representing approximately 28,400 underlying shares of PAYC. Below is a chart showing PAYC's trailing twelve month trading history, with the $310 strike highlighted in orange:
And MongoDB Inc (NASDAQ:MDB) options are showing a volume of 3,216 contracts thus far today. That number of contracts represents approximately 321,600 underlying shares, working out to a sizeable 53.3% of MDB's average daily trading volume over the past month, of 603,205 shares.
Especially high volume was seen for the $150 strike put option expiring May 28, 2021, with 360 contracts trading so far today, representing approximately 36,000 underlying shares of MDB. Below is a chart showing MDB's trailing twelve month trading history, with the $150 strike highlighted in orange:
This Article's Word Cloud:ArialBelowEspeciallyPANWPAYCStockStrikeafterLeftLabelsapproximatelyaverageaxisColorbackgroundbeforeLeftLabelsbkgImagebnkinvestbottomBufferbottomLabelsbottomTableHeightchartchartBackgroundColorclientIdcontractsdailydocumentexpiringfillBelowLinefillColorfontFacefontSizegridBackgroundColorgridColorgridLocationheighthighhighlightedhistorylabelColorlabelSideleftmonthoptionsrepresentingsharesshowingstriketodaytradingunderlyingvolumewith
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.