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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ConocoPhillips (Symbol: COP), where a total volume of 27,837 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.6% of COP's average daily trading volume over the past month, of 6.0 million shares. Especially high volume was seen for the $120 strike call option expiring August 16, 2024, with 8,434 contracts trading so far today, representing approximately 843,400 underlying shares of COP. Below is a chart showing COP's trailing twelve month trading history, with the $120 strike highlighted in orange:

Cerevel Therapeutics Holdings Inc (Symbol: CERE) saw options trading volume of 5,393 contracts, representing approximately 539,300 underlying shares or approximately 45.5% of CERE's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $45 strike call option expiring August 16, 2024, with 2,519 contracts trading so far today, representing approximately 251,900 underlying shares of CERE. Below is a chart showing CERE's trailing twelve month trading history, with the $45 strike highlighted in orange:

And Twilio Inc (Symbol: TWLO) options are showing a volume of 9,945 contracts thus far today. That number of contracts represents approximately 994,500 underlying shares, working out to a sizeable 44.5% of TWLO's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $60 strike call option expiring June 21, 2024, with 3,211 contracts trading so far today, representing approximately 321,100 underlying shares of TWLO. Below is a chart showing TWLO's trailing twelve month trading history, with the $60 strike highlighted in orange:

For the various different available expirations for COP options, CERE options, or TWLO options, visit StockOptionsChannel.com.

Also see:

PESX Options Chain
Top Ten Hedge Funds Holding MON
Institutional Holders of SVLC

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