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15 May
Noteworthy Wednesday Option Activity: FSLR, GPN, IIPR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in First Solar Inc (Symbol: FSLR), where a total volume of 13,318 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.3% of FSLR's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $200 strike call option expiring May 17, 2024, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $200 strike highlighted in orange:

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Global Payments Inc (Symbol: GPN) options are showing a volume of 14,715 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 63.6% of GPN's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $120 strike put option expiring May 17, 2024, with 6,000 contracts trading so far today, representing approximately 600,000 underlying shares of GPN. Below is a chart showing GPN's trailing twelve month trading history, with the $120 strike highlighted in orange:

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And Innovative Industrial Properties Inc (Symbol: IIPR) saw options trading volume of 1,466 contracts, representing approximately 146,600 underlying shares or approximately 61.8% of IIPR's average daily trading volume over the past month, of 237,260 shares. Especially high volume was seen for the $115 strike call option expiring July 19, 2024, with 149 contracts trading so far today, representing approximately 14,900 underlying shares of IIPR. Below is a chart showing IIPR's trailing twelve month trading history, with the $115 strike highlighted in orange:

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For the various different available expirations for FSLR options, GPN options, or IIPR options, visit StockOptionsChannel.com.

Also see:

Funds Holding JSM
Funds Holding BTCW
Funds Holding FBSS

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