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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Valley National Bancorp (Symbol: VLY), where a total volume of 22,086 contracts has been traded thus far today, a contract volume which is representative of approximately 2.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.4% of VLY's average daily trading volume over the past month, of 4.5 million shares. Particularly high volume was seen for the $6 strike put option expiring January 17, 2025, with 10,014 contracts trading so far today, representing approximately 1.0 million underlying shares of VLY. Below is a chart showing VLY's trailing twelve month trading history, with the $6 strike highlighted in orange:

Autodesk Inc (Symbol: ADSK) options are showing a volume of 11,326 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 48% of ADSK's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $240 strike call option expiring January 17, 2025, with 1,278 contracts trading so far today, representing approximately 127,800 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $240 strike highlighted in orange:

And Freeport-McMoran Copper & Gold (Symbol: FCX) saw options trading volume of 73,504 contracts, representing approximately 7.4 million underlying shares or approximately 47.8% of FCX's average daily trading volume over the past month, of 15.4 million shares. Especially high volume was seen for the $55 strike call option expiring July 19, 2024, with 8,631 contracts trading so far today, representing approximately 863,100 underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $55 strike highlighted in orange:

For the various different available expirations for VLY options, ADSK options, or FCX options, visit StockOptionsChannel.com.

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