Looking at options trading activity across the components of the Russell 3000 Index, there was notable activity today at Live Nation Entertainment Inc (symbol: LYV), with a total of 10,239 contracts traded to date. Approximately 1 million underlying shares (assuming each contract represents 100 underlying shares). The figure represents 51.9% of LYV’s average daily trading volume of 2 million shares over the past month. Particularly high volume was seen on the $50 strike put option expiring on July 21, 2023, with 3,250 contracts traded to date, equivalent to about 325,000 underlying shares of his LYV. . Below is a chart showing LYV’s trading history over the last 12 months, with the $50 strike highlighted in orange.
Textainer Group Holdings Ltd (symbol: TGH) options show a volume of 1,041 contracts to date. The number of contracts equates to about 104,100 shares, or a significant 50.1% of his TGH average daily trading volume of 207,875 shares last month. The $30 strike call option, which expires on February 17, 2023, has seen particularly high volume trading, with 545 contracts traded to date, equivalent to about 54,500 underlying shares of his TGH. . Below is a chart showing TGH’s trading history over the past 12 months, with the $30 strike highlighted in orange.
Also, Bumble Inc (symbol: BMBL) options show a volume of 8,607 contracts to date. The number of contracts equates to approximately 860,700 shares, representing a respectable 50% of his BMBL’s average daily trading volume of 1.7 million shares in the previous month. Particularly high volumes were seen in the strike put option at $17.50, which expires on March 17, 2023. Below is a chart showing his BMBL trading history over the past 12 months, with the $17.50 strike highlighted in orange.
Visit StockOptionsChannel.com for various expiration dates for LYV, TGH or BMBL options.
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