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28 June
Noteworthy Friday Option Activity: CMA, SNOW, SQ

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Comerica, Inc. (Symbol: CMA), where a total of 24,051 contracts have traded so far, representing approximately 2.4 million underlying shares. That amounts to about 70.2% of CMA's average daily trading volume over the past month of 3.4 million shares. Particularly high volume was seen for the $50 strike call option expiring July 19, 2024, with 7,652 contracts trading so far today, representing approximately 765,200 underlying shares of CMA. Below is a chart showing CMA's trailing twelve month trading history, with the $50 strike highlighted in orange:

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Snowflake Inc (Symbol: SNOW) saw options trading volume of 60,652 contracts, representing approximately 6.1 million underlying shares or approximately 67.2% of SNOW's average daily trading volume over the past month, of 9.0 million shares. Particularly high volume was seen for the $135 strike call option expiring June 28, 2024, with 4,735 contracts trading so far today, representing approximately 473,500 underlying shares of SNOW. Below is a chart showing SNOW's trailing twelve month trading history, with the $135 strike highlighted in orange:

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And Block Inc (Symbol: SQ) options are showing a volume of 45,923 contracts thus far today. That number of contracts represents approximately 4.6 million underlying shares, working out to a sizeable 65.6% of SQ's average daily trading volume over the past month, of 7.0 million shares. Especially high volume was seen for the $64 strike call option expiring June 28, 2024, with 11,131 contracts trading so far today, representing approximately 1.1 million underlying shares of SQ. Below is a chart showing SQ's trailing twelve month trading history, with the $64 strike highlighted in orange:

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For the various different available expirations for CMA options, SNOW options, or SQ options, visit StockOptionsChannel.com.

Also see:

Energy Stocks Hedge Funds Are Selling
DNR shares outstanding history
Institutional Holders of DRV

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