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Noteworthy Thursday Option Activity: ADBE, LRN, TGNA Stock Options Channel Staff - Thursday, September 16, 3:28 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adobe Inc (ADBE), where a total volume of 14,548 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 97.5% of ADBE's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $660 strike put option expiring September 17, 2021, with 562 contracts trading so far today, representing approximately 56,200 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $660 strike highlighted in orange:
Stride Inc (LRN) saw options trading volume of 3,430 contracts, representing approximately 343,000 underlying shares or approximately 95.7% of LRN's average daily trading volume over the past month, of 358,430 shares. Particularly high volume was seen for the $30 strike put option expiring October 15, 2021, with 1,203 contracts trading so far today, representing approximately 120,300 underlying shares of LRN. Below is a chart showing LRN's trailing twelve month trading history, with the $30 strike highlighted in orange:
And TEGNA Inc (TGNA) options are showing a volume of 10,672 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 91% of TGNA's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $25 strike call option expiring January 21, 2022, with 3,332 contracts trading so far today, representing approximately 333,200 underlying shares of TGNA. Below is a chart showing TGNA's trailing twelve month trading history, with the $25 strike highlighted in orange:
For the various different available expirations for ADBE options, LRN options, or TGNA options, visit StockOptionsChannel.com.
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