Noteworthy Wednesday Option Activity: GME, LIND, DD
Stock Options Channel Staff - Wednesday, March 22, 3:52 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in GameStop Corp (GME), where a total of 618,659 contracts have traded so far, representing approximately 61.9 million underlying shares. That amounts to about 1631.4% of GME's average daily trading volume over the past month of 3.8 million shares. Especially high volume was seen for the $25 strike call option expiring March 24, 2023, with 37,095 contracts trading so far today, representing approximately 3.7 million underlying shares of GME. Below is a chart showing GME's trailing twelve month trading history, with the $25 strike highlighted in orange:
Lindblad Expeditions Holdings Inc (LIND) options are showing a volume of 7,373 contracts thus far today. That number of contracts represents approximately 737,300 underlying shares, working out to a sizeable 205.4% of LIND's average daily trading volume over the past month, of 358,980 shares.
Particularly high volume was seen for the $10 strike call option expiring May 19, 2023, with 6,006 contracts trading so far today, representing approximately 600,600 underlying shares of LIND. Below is a chart showing LIND's trailing twelve month trading history, with the $10 strike highlighted in orange:
And DuPont (DD) saw options trading volume of 40,630 contracts, representing approximately 4.1 million underlying shares or approximately 109.3% of DD's average daily trading volume over the past month, of 3.7 million shares.
Especially high volume was seen for the $80 strike call option expiring May 19, 2023, with 27,360 contracts trading so far today, representing approximately 2.7 million underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $80 strike highlighted in orange:
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