Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lam Research Corp (Symbol: LRCX), where a total volume of 11,404 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 95.2% of LRCX’s average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $470 strike put option expiring March 31, 2023, with 573 contracts trading so far today, representing approximately 57,300 underlying shares of LRCX. Below is a chart showing LRCX’s trailing twelve month trading history, with the $470 strike highlighted in orange:
GlobalFoundries Inc (Symbol: GFS) options are showing a volume of 10,529 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 88.6% of GFS’s average daily trading volume over the past month, of 1.2 million shares.
Especially high volume was seen for the $60 strike put option expiring May 19, 2023, with 5,002 contracts trading so far today, representing approximately 500,200 underlying shares of GFS. Below is a chart showing GFS’s trailing twelve month trading history, with the $60 strike highlighted in orange:
And Harmony Biosciences Holdings Inc (Symbol: HRMY) saw options trading volume of 4,984 contracts, representing approximately 498,400 underlying shares or approximately 76.8% of HRMY’s average daily trading volume over the past month, of 649,265 shares.
Especially high volume was seen for the $30 strike put option expiring July 21, 2023, with 2,056 contracts trading so far today, representing approximately 205,600 underlying shares of HRMY. Below is a chart showing HRMY’s trailing twelve month trading history, with the $30 strike highlighted in orange:
For the various different available expirations for LRCX options, GFS options, or HRMY options, visit StockOptionsChannel.com.
Also see:
REITs Hedge Funds Are Selling
IHDG Average Annual Return
Top Ten Hedge Funds Holding AVSE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
