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11 July
Notable Thursday Option Activity: SLM, WFC, JEF

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SLM Corp. (Symbol: SLM), where a total volume of 8,614 contracts has been traded thus far today, a contract volume which is representative of approximately 861,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.3% of SLM's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $20 strike put option expiring October 18, 2024, with 4,274 contracts trading so far today, representing approximately 427,400 underlying shares of SLM. Below is a chart showing SLM's trailing twelve month trading history, with the $20 strike highlighted in orange:

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Wells Fargo & Co (Symbol: WFC) options are showing a volume of 91,231 contracts thus far today. That number of contracts represents approximately 9.1 million underlying shares, working out to a sizeable 48.8% of WFC's average daily trading volume over the past month, of 18.7 million shares. Especially high volume was seen for the $60 strike call option expiring July 12, 2024, with 12,761 contracts trading so far today, representing approximately 1.3 million underlying shares of WFC. Below is a chart showing WFC's trailing twelve month trading history, with the $60 strike highlighted in orange:

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And Jefferies Group Inc. (Symbol: JEF) saw options trading volume of 7,582 contracts, representing approximately 758,200 underlying shares or approximately 48.3% of JEF's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $55 strike call option expiring September 20, 2024, with 3,133 contracts trading so far today, representing approximately 313,300 underlying shares of JEF. Below is a chart showing JEF's trailing twelve month trading history, with the $55 strike highlighted in orange:

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For the various different available expirations for SLM options, WFC options, or JEF 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.