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15 February
Notable Thursday Option Activity: AMBC, PLCE, SHAK

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Ambac Financial Group, Inc. (Symbol: AMBC), where a total of 12,086 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 408.4% of AMBC's average daily trading volume over the past month of 295,945 shares. Particularly high volume was seen for the $12.50 strike call option expiring February 16, 2024, with 3,155 contracts trading so far today, representing approximately 315,500 underlying shares of AMBC. Below is a chart showing AMBC's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

Children's Place Inc (Symbol: PLCE) saw options trading volume of 51,137 contracts, representing approximately 5.1 million underlying shares or approximately 264.1% of PLCE's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $45 strike call option expiring March 15, 2024, with 3,227 contracts trading so far today, representing approximately 322,700 underlying shares of PLCE. Below is a chart showing PLCE's trailing twelve month trading history, with the $45 strike highlighted in orange:

And Shake Shack Inc (Symbol: SHAK) options are showing a volume of 21,641 contracts thus far today. That number of contracts represents approximately 2.2 million underlying shares, working out to a sizeable 240.1% of SHAK's average daily trading volume over the past month, of 901,290 shares. Particularly high volume was seen for the $100 strike call option expiring February 16, 2024, with 2,427 contracts trading so far today, representing approximately 242,700 underlying shares of SHAK. Below is a chart showing SHAK's trailing twelve month trading history, with the $100 strike highlighted in orange:

For the various different available expirations for AMBC options, PLCE options, or SHAK options, visit StockOptionsChannel.com.

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