Additional Wednesday action of note: ARNC, COIN, ENPH
In terms of options trading activity among the constituents of the Russell 3000 Index, Arconic Corp (Symbol: ARNC ) saw significant activity today with a total of 7,558 contracts traded. volume of contracts traded to date representing approximately 755,800 underlying shares (assuming each contract represents 100 underlying shares). That number equates to 60.1% of ARNC’s average daily trading volume over the past month, or 1.3 million shares. The $25 strike put option expiring on April 21, 2023 saw particularly high volume, with 4,027 contracts traded to date, representing approximately 402,700 shares of ARNC’s underlying stock. Below is a chart showing ARNC’s trailing twelve-month trading history, with the $25 strike highlighted in orange:
Options on Coinbase Global Inc (Symbol: COIN) show year-to-date volume of 131,495 contracts. This number of contracts represents approximately 13.1 million underlying shares, or 58.9% of COIN’s average daily trading volume over the past month, or 22.3 million shares. Volume was particularly high for the $65 strike call option expiring on March 3, 2023, with 8,837 contracts traded to date, representing approximately 883,700 shares of underlying COIN. Below is a chart showing COIN’s trading history over the past twelve months with the $65 strike highlighted in orange:
And Enphase Energy Inc. (Ticker: ENPH) options show a year-to-date volume of 27,318 contracts. This number of contracts represents approximately 2.7 million underlying shares, or 56.3% of ENPH’s average daily trading volume over the past month, or 4.9 million shares. The $220 strike call option expiring March 3, 2023 saw particularly high volume, with 2,722 contracts traded to date, representing approximately 272,200 shares of ENPH underlying. Below is a chart showing ENPH’s trailing twelve month trading history, with the $220 strike highlighted in orange:
Visit StockOptionsChannel.com for the various expiration dates available for ARNC options, COIN options or ENPH options.
• Institutional IPPP holders
• RCIB Insider Buying
• MSCI average annual return
The views and opinions expressed herein are those of the author and are those of Nasdaq, Inc.
All news on the site does not represent the views of the site, but we automatically submit this news and translate it through software technology on the site rather than a human editor.