News

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Allegro MicroSystems Inc (Symbol: ALGM), where a total of 18,880 contracts have traded so far, representing approximately 1.9 million underlying shares. That amounts to about 148.4% of ALGM's average daily trading volume over the past month of 1.3 million shares. Especially high volume was seen for the $22.50 strike put option expiring May 17, 2024, with 18,538 contracts trading so far today, representing approximately 1.9 million underlying shares of ALGM. Below is a chart showing ALGM's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

StoneCo Ltd (Symbol: STNE) options are showing a volume of 64,825 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 126.6% of STNE's average daily trading volume over the past month, of 5.1 million shares. Particularly high volume was seen for the $18 strike call option expiring July 19, 2024, with 15,552 contracts trading so far today, representing approximately 1.6 million underlying shares of STNE. Below is a chart showing STNE's trailing twelve month trading history, with the $18 strike highlighted in orange:

And Grand Canyon Education Inc (Symbol: LOPE) saw options trading volume of 1,692 contracts, representing approximately 169,200 underlying shares or approximately 116.3% of LOPE's average daily trading volume over the past month, of 145,500 shares. Particularly high volume was seen for the $130 strike put option expiring May 17, 2024, with 679 contracts trading so far today, representing approximately 67,900 underlying shares of LOPE. Below is a chart showing LOPE's trailing twelve month trading history, with the $130 strike highlighted in orange:

For the various different available expirations for ALGM options, STNE options, or LOPE options, visit StockOptionsChannel.com.

Top Ten Hedge Funds Holding SUSC
Funds Holding PDT
FOS Videos

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