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12 July
Notable Friday Option Activity: GEO, LOW, GOOG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in GEO Group Inc (Symbol: GEO), where a total volume of 13,721 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 57% of GEO's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $15 strike call option expiring September 20, 2024, with 2,394 contracts trading so far today, representing approximately 239,400 underlying shares of GEO. Below is a chart showing GEO's trailing twelve month trading history, with the $15 strike highlighted in orange:

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Lowe's Companies Inc (Symbol: LOW) options are showing a volume of 15,964 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 52.1% of LOW's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $222.50 strike put option expiring July 19, 2024, with 3,009 contracts trading so far today, representing approximately 300,900 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $222.50 strike highlighted in orange:

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And Alphabet Inc (Symbol: GOOG) options are showing a volume of 86,121 contracts thus far today. That number of contracts represents approximately 8.6 million underlying shares, working out to a sizeable 51% of GOOG's average daily trading volume over the past month, of 16.9 million shares. Particularly high volume was seen for the $187.50 strike call option expiring July 12, 2024, with 14,269 contracts trading so far today, representing approximately 1.4 million underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $187.50 strike highlighted in orange:

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For the various different available expirations for GEO options, LOW options, or GOOG options, visit StockOptionsChannel.com.

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

Also see:

High-Yield Canadian Energy Stocks
CAG Insider Buying
Institutional Holders of BKN

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