News

We provide the latest news
from the world of economics and finance

08 January
Noteworthy Monday Option Activity: SQ, TREE, LVS

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Block Inc (Symbol: SQ), where a total volume of 54,858 contracts has been traded thus far today, a contract volume which is representative of approximately 5.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51% of SQ's average daily trading volume over the past month, of 10.8 million shares. Especially high volume was seen for the $100 strike put option expiring January 19, 2024, with 3,380 contracts trading so far today, representing approximately 338,000 underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $100 strike highlighted in orange:

LendingTree Inc (Symbol: TREE) saw options trading volume of 1,965 contracts, representing approximately 196,500 underlying shares or approximately 50.4% of TREE's average daily trading volume over the past month, of 389,825 shares. Especially high volume was seen for the $35 strike call option expiring January 19, 2024, with 966 contracts trading so far today, representing approximately 96,600 underlying shares of TREE. Below is a chart showing TREE's trailing twelve month trading history, with the $35 strike highlighted in orange:

And Las Vegas Sands Corp (Symbol: LVS) options are showing a volume of 23,781 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 48.6% of LVS's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $53 strike call option expiring January 12, 2024, with 6,383 contracts trading so far today, representing approximately 638,300 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $53 strike highlighted in orange:

For the various different available expirations for SQ options, TREE options, or LVS options, visit StockOptionsChannel.com.

Funds Holding NSPL
Funds Holding EMSF
TER Dividend History

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