Noteworthy Monday Option Activity: INTU, SOFI, URBN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Intuit Inc (Symbol: INTU), where a total volume of 6,674 contracts has been traded thus far today, a contract volume which is representative of approximately 667,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.4% of INTU’s average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $270 strike put option expiring July 21, 2023, with 1,110 contracts trading so far today, representing approximately 111,000 underlying shares of INTU. Below is a chart showing INTU’s trailing twelve month trading history, with the $270 strike highlighted in orange:


SoFi Technologies Inc (Symbol: SOFI) options are showing a volume of 137,825 contracts thus far today. That number of contracts represents approximately 13.8 million underlying shares, working out to a sizeable 43.9% of SOFI’s average daily trading volume over the past month, of 31.4 million shares.
Particularly high volume was seen for the $5 strike call option expiring January 13, 2023, with 19,820 contracts trading so far today, representing approximately 2.0 million underlying shares of SOFI. Below is a chart showing SOFI’s trailing twelve month trading history, with the $5 strike highlighted in orange:

Loading+chart+—+2023+TickerTech.com


And Urban Outfitters, Inc. (Symbol: URBN) options are showing a volume of 7,959 contracts thus far today. That number of contracts represents approximately 795,900 underlying shares, working out to a sizeable 43.3% of URBN’s average daily trading volume over the past month, of 1.8 million shares.
Especially high volume was seen for the $24 strike put option expiring January 20, 2023, with 3,363 contracts trading so far today, representing approximately 336,300 underlying shares of URBN. Below is a chart showing URBN’s trailing twelve month trading history, with the $24 strike highlighted in orange:

Loading+chart+—+2023+TickerTech.com


For the various different available expirations for INTU options, SOFI options, or URBN options, visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• PIE Videos
• ADSW YTD Return
• RCKB Historical Stock Prices

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Source Link

Read in Hindi >>