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.
See also:
• Institutional IPPP holders
• RCIB Insider Buying
• MSCI average annual return
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