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Noteworthy Friday Option Activity: ALBO, NVAX, FCX Stock Options Channel Staff - Friday, July 16, 3:23 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Albireo Pharma Inc (ALBO), where a total volume of 1,465 contracts has been traded thus far today, a contract volume which is representative of approximately 146,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.6% of ALBO's average daily trading volume over the past month, of 204,600 shares. Particularly high volume was seen for the $40 strike call option expiring August 20, 2021, with 402 contracts trading so far today, representing approximately 40,200 underlying shares of ALBO. Below is a chart showing ALBO's trailing twelve month trading history, with the $40 strike highlighted in orange:
Novavax, Inc. (NVAX) options are showing a volume of 27,174 contracts thus far today. That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 69.6% of NVAX's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $190 strike call option expiring July 16, 2021, with 2,791 contracts trading so far today, representing approximately 279,100 underlying shares of NVAX. Below is a chart showing NVAX's trailing twelve month trading history, with the $190 strike highlighted in orange:
And Freeport-McMoran Copper & Gold (FCX) saw options trading volume of 154,844 contracts, representing approximately 15.5 million underlying shares or approximately 68.5% of FCX's average daily trading volume over the past month, of 22.6 million shares. Especially high volume was seen for the $35 strike call option expiring September 17, 2021, with 21,719 contracts trading so far today, representing approximately 2.2 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for ALBO options, NVAX options, or FCX options, visit StockOptionsChannel.com.
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