Noteworthy Wednesday Option Activity: GM, SIVB, ALGN

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in General Motors Co (Symbol: GM), where a total volume of 44,062 contracts has been traded thus far today, a contract volume which is representative of approximately 4.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.9% of GM’s average daily trading volume over the past month, of 9.4 million shares. Particularly high volume was seen for the $38 strike put option expiring May 17, 2019 , with 5,083 contracts trading so far today, representing approximately 508,300 underlying shares of GM. Below is a chart showing GM’s trailing twelve month trading history, with the $38 strike highlighted in orange:

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SVB Financial Group (Symbol: SIVB) options are showing a volume of 2,221 contracts thus far today. That number of contracts represents approximately 222,100 underlying shares, working out to a sizeable 46.3% of SIVB’s average daily trading volume over the past month, of 479,980 shares. Especially high volume was seen for the $230 strike put option expiring August 16, 2019 , with 1,277 contracts trading so far today, representing approximately 127,700 underlying shares of SIVB. Below is a chart showing SIVB’s trailing twelve month trading history, with the $230 strike highlighted in orange: Loading+chart+—+2019+TickerTech.com And Align Technology Inc (Symbol: ALGN) saw options trading volume of 5,701 contracts, representing approximately 570,100 underlying shares or approximately 46.3% of ALGN’s average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $330 strike call option expiring July 19, 2019 , with 472 contracts trading so far today, representing approximately 47,200 underlying shares of ALGN. Below is a chart showing ALGN’s trailing twelve month trading history, with the $330 strike highlighted in orange: Loading+chart+—+2019+TickerTech.com For the various different available expirations for GM options , SIVB options , or ALGN options , visit StockOptionsChannel.com.

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

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


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Business News - Opportunities - Reviews