Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Southwest Airlines Co (Symbol: LUV), where a total volume of 32,753 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.3% of LUV’s average daily trading volume over the past month, of 7.7 million shares. Particularly high volume was seen for the $57.50 strike call option expiring February 18, 2022, with 8,722 contracts trading so far today, representing approximately 872,200 underlying shares of LUV. Below is a chart showing LUV’s trailing twelve month trading history, with the $57.50 strike highlighted in orange:
Akamai Technologies Inc (Symbol: AKAM) options are showing a volume of 5,307 contracts thus far today. That number of contracts represents approximately 530,700 underlying shares, working out to a sizeable 42.1% of AKAM’s average daily trading volume over the past month, of 1.3 million shares.
Particularly high volume was seen for the $105 strike put option expiring February 18, 2022, with 810 contracts trading so far today, representing approximately 81,000 underlying shares of AKAM. Below is a chart showing AKAM’s trailing twelve month trading history, with the $105 strike highlighted in orange:
And SeaWorld Entertainment Inc. (Symbol: SEAS) options are showing a volume of 3,205 contracts thus far today. That number of contracts represents approximately 320,500 underlying shares, working out to a sizeable 41% of SEAS’s average daily trading volume over the past month, of 781,535 shares.
Especially high volume was seen for the $70 strike call option expiring March 18, 2022, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of SEAS. Below is a chart showing SEAS’s trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for LUV options, AKAM options, or SEAS options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
