Noteworthy Wednesday Option Activity: LPI, COP, COUP
Stock Options Channel Staff - Wednesday, September 28, 3:30 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Laredo Petroleum, Inc (LPI), where a total of 3,260 contracts have traded so far, representing approximately 326,000 underlying shares. That amounts to about 45.9% of LPI's average daily trading volume over the past month of 710,275 shares. Especially high volume was seen for the $60 strike put option expiring October 21, 2022, with 2,021 contracts trading so far today, representing approximately 202,100 underlying shares of LPI. Below is a chart showing LPI's trailing twelve month trading history, with the $60 strike highlighted in orange:
ConocoPhillips (COP) options are showing a volume of 34,127 contracts thus far today. That number of contracts represents approximately 3.4 million underlying shares, working out to a sizeable 44.7% of COP's average daily trading volume over the past month, of 7.6 million shares.
Especially high volume was seen for the $50 strike call option expiring January 20, 2023, with 20,700 contracts trading so far today, representing approximately 2.1 million underlying shares of COP. Below is a chart showing COP's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Coupa Software Inc (COUP) saw options trading volume of 11,653 contracts, representing approximately 1.2 million underlying shares or approximately 43.9% of COUP's average daily trading volume over the past month, of 2.7 million shares.
Especially high volume was seen for the $300 strike put option expiring January 20, 2023, with 2,425 contracts trading so far today, representing approximately 242,500 underlying shares of COUP. Below is a chart showing COUP's trailing twelve month trading history, with the $300 strike highlighted in orange:
For the various different available expirations for LPI options, COP options, or COUP options, visit StockOptionsChannel.com.