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08 January
Noteworthy Monday Option Activity: ZS, LUMN, CSV

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zscaler Inc (Symbol: ZS), where a total volume of 12,939 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 76.2% of ZS's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $255 strike call option expiring February 23, 2024, with 1,221 contracts trading so far today, representing approximately 122,100 underlying shares of ZS. Below is a chart showing ZS's trailing twelve month trading history, with the $255 strike highlighted in orange:

Lumen Technologies Inc (Symbol: LUMN) saw options trading volume of 110,975 contracts, representing approximately 11.1 million underlying shares or approximately 74.4% of LUMN's average daily trading volume over the past month, of 14.9 million shares. Especially high volume was seen for the $1 strike put option expiring December 19, 2025, with 50,000 contracts trading so far today, representing approximately 5.0 million underlying shares of LUMN. Below is a chart showing LUMN's trailing twelve month trading history, with the $1 strike highlighted in orange:

And Carriage Services, Inc. (Symbol: CSV) saw options trading volume of 781 contracts, representing approximately 78,100 underlying shares or approximately 66.8% of CSV's average daily trading volume over the past month, of 116,870 shares. Especially high volume was seen for the $25 strike call option expiring July 19, 2024, with 307 contracts trading so far today, representing approximately 30,700 underlying shares of CSV. Below is a chart showing CSV's trailing twelve month trading history, with the $25 strike highlighted in orange:

For the various different available expirations for ZS options, LUMN options, or CSV options, visit StockOptionsChannel.com.

ADIL market cap history
ACRX shares outstanding history
Top Ten Hedge Funds Holding OAIE

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