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Notable Friday Option Activity: TGT, MSFT, OPEN Stock Options Channel Staff - Friday, October 8, 4:02 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Target Corp (TGT), where a total volume of 30,634 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 111.8% of TGT's average daily trading volume over the past month, of 2.7 million shares. Particularly high volume was seen for the $260 strike put option expiring March 18, 2022, with 1,778 contracts trading so far today, representing approximately 177,800 underlying shares of TGT. Below is a chart showing TGT's trailing twelve month trading history, with the $260 strike highlighted in orange:
Microsoft Corporation (MSFT) options are showing a volume of 224,079 contracts thus far today. That number of contracts represents approximately 22.4 million underlying shares, working out to a sizeable 83.7% of MSFT's average daily trading volume over the past month, of 26.8 million shares. Especially high volume was seen for the $295 strike call option expiring October 08, 2021, with 13,897 contracts trading so far today, representing approximately 1.4 million underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $295 strike highlighted in orange:
And Opendoor Technologies Inc (OPEN) options are showing a volume of 96,684 contracts thus far today. That number of contracts represents approximately 9.7 million underlying shares, working out to a sizeable 75.9% of OPEN's average daily trading volume over the past month, of 12.7 million shares. Especially high volume was seen for the $22 strike call option expiring October 22, 2021, with 14,763 contracts trading so far today, representing approximately 1.5 million underlying shares of OPEN. Below is a chart showing OPEN's trailing twelve month trading history, with the $22 strike highlighted in orange:
For the various different available expirations for TGT options, MSFT options, or OPEN options, visit StockOptionsChannel.com.
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