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26 June
Noteworthy Wednesday Option Activity: PAYX, W, LCID

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Paychex Inc (Symbol: PAYX), where a total of 8,964 contracts have traded so far, representing approximately 896,400 underlying shares. That amounts to about 46.3% of PAYX's average daily trading volume over the past month of 1.9 million shares. Particularly high volume was seen for the $120 strike put option expiring July 19, 2024, with 2,007 contracts trading so far today, representing approximately 200,700 underlying shares of PAYX. Below is a chart showing PAYX's trailing twelve month trading history, with the $120 strike highlighted in orange:

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Wayfair Inc (Symbol: W) saw options trading volume of 16,155 contracts, representing approximately 1.6 million underlying shares or approximately 46% of W's average daily trading volume over the past month, of 3.5 million shares. Particularly high volume was seen for the $35 strike put option expiring August 16, 2024, with 4,704 contracts trading so far today, representing approximately 470,400 underlying shares of W. Below is a chart showing W's trailing twelve month trading history, with the $35 strike highlighted in orange:

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And Lucid Group Inc (Symbol: LCID) options are showing a volume of 78,601 contracts thus far today. That number of contracts represents approximately 7.9 million underlying shares, working out to a sizeable 44.1% of LCID's average daily trading volume over the past month, of 17.8 million shares. Particularly high volume was seen for the $2 strike put option expiring July 19, 2024, with 12,850 contracts trading so far today, representing approximately 1.3 million underlying shares of LCID. Below is a chart showing LCID's trailing twelve month trading history, with the $2 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

For the various different available expirations for PAYX options, W options, or LCID 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.