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11 July
Notable Thursday Option Activity: EL, CCK, IIPR

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Estee Lauder Cos., Inc. (Symbol: EL), where a total volume of 32,398 contracts has been traded thus far today, a contract volume which is representative of approximately 3.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 108.5% of EL's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $145 strike put option expiring August 16, 2024, with 8,113 contracts trading so far today, representing approximately 811,300 underlying shares of EL. Below is a chart showing EL's trailing twelve month trading history, with the $145 strike highlighted in orange:

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Crown Holdings Inc (Symbol: CCK) options are showing a volume of 10,093 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 94.1% of CCK's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $70 strike put option expiring August 16, 2024, with 4,998 contracts trading so far today, representing approximately 499,800 underlying shares of CCK. Below is a chart showing CCK's trailing twelve month trading history, with the $70 strike highlighted in orange:

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And Innovative Industrial Properties Inc (Symbol: IIPR) saw options trading volume of 1,468 contracts, representing approximately 146,800 underlying shares or approximately 94% of IIPR's average daily trading volume over the past month, of 156,135 shares. Particularly high volume was seen for the $130 strike call option expiring January 17, 2025, with 317 contracts trading so far today, representing approximately 31,700 underlying shares of IIPR. Below is a chart showing IIPR's trailing twelve month trading history, with the $130 strike highlighted in orange:

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For the various different available expirations for EL options, CCK options, or IIPR options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

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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.