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07 May
Notable Tuesday Option Activity: AOSL, NOW, CPRI

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Alpha & Omega Semiconductor Ltd. (Symbol: AOSL), where a total of 889 contracts have traded so far, representing approximately 88,900 underlying shares. That amounts to about 86% of AOSL's average daily trading volume over the past month of 103,355 shares. Particularly high volume was seen for the $25 strike call option expiring May 17, 2024, with 828 contracts trading so far today, representing approximately 82,800 underlying shares of AOSL. Below is a chart showing AOSL's trailing twelve month trading history, with the $25 strike highlighted in orange:

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ServiceNow Inc (Symbol: NOW) options are showing a volume of 10,059 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 78.4% of NOW's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $725 strike call option expiring May 10, 2024, with 497 contracts trading so far today, representing approximately 49,700 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $725 strike highlighted in orange:

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And Capri Holdings Ltd (Symbol: CPRI) options are showing a volume of 18,908 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 75.7% of CPRI's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $37.50 strike call option expiring June 21, 2024, with 4,241 contracts trading so far today, representing approximately 424,100 underlying shares of CPRI. Below is a chart showing CPRI's trailing twelve month trading history, with the $37.50 strike highlighted in orange:

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For the various different available expirations for AOSL options, NOW options, or CPRI 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.