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25 March
Notable Monday Option Activity: ATXS, UWMC, SMTC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Astria Therapeutics Inc (Symbol: ATXS), where a total volume of 5,357 contracts has been traded thus far today, a contract volume which is representative of approximately 535,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.9% of ATXS's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $17.50 strike call option expiring May 17, 2024, with 1,399 contracts trading so far today, representing approximately 139,900 underlying shares of ATXS. Below is a chart showing ATXS's trailing twelve month trading history, with the $17.50 strike highlighted in orange:

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UWM Holdings Corp (Symbol: UWMC) options are showing a volume of 6,886 contracts thus far today. That number of contracts represents approximately 688,600 underlying shares, working out to a sizeable 43.6% of UWMC's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $9 strike call option expiring April 19, 2024, with 5,026 contracts trading so far today, representing approximately 502,600 underlying shares of UWMC. Below is a chart showing UWMC's trailing twelve month trading history, with the $9 strike highlighted in orange:

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And Semtech Corp. (Symbol: SMTC) saw options trading volume of 4,600 contracts, representing approximately 460,000 underlying shares or approximately 43.6% of SMTC's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $30 strike call option expiring May 17, 2024, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of SMTC. Below is a chart showing SMTC's trailing twelve month trading history, with the $30 strike highlighted in orange:

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For the various different available expirations for ATXS options, UWMC options, or SMTC options, visit StockOptionsChannel.com.

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