Noteworthy Thursday Option Activity: CAKE, BIGC, SAVA
Stock Options Channel Staff - Thursday, October 21, 3:34 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Cheesecake Factory Inc. (CAKE), where a total of 6,056 contracts have traded so far, representing approximately 605,600 underlying shares. That amounts to about 58.6% of CAKE's average daily trading volume over the past month of 1.0 million shares. Especially high volume was seen for the $35 strike put option expiring November 19, 2021, with 3,063 contracts trading so far today, representing approximately 306,300 underlying shares of CAKE. Below is a chart showing CAKE's trailing twelve month trading history, with the $35 strike highlighted in orange:
BigCommerce Holdings Inc (BIGC) saw options trading volume of 5,244 contracts, representing approximately 524,400 underlying shares or approximately 58.5% of BIGC's average daily trading volume over the past month, of 896,985 shares.
Particularly high volume was seen for the $60 strike call option expiring November 19, 2021, with 1,655 contracts trading so far today, representing approximately 165,500 underlying shares of BIGC. Below is a chart showing BIGC's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Cassava Sciences Inc (SAVA) options are showing a volume of 33,405 contracts thus far today. That number of contracts represents approximately 3.3 million underlying shares, working out to a sizeable 58.4% of SAVA's average daily trading volume over the past month, of 5.7 million shares.
Particularly high volume was seen for the $35 strike put option expiring November 19, 2021, with 3,057 contracts trading so far today, representing approximately 305,700 underlying shares of SAVA. Below is a chart showing SAVA's trailing twelve month trading history, with the $35 strike highlighted in orange:
For the various different available expirations for CAKE options, BIGC options, or SAVA options, visit StockOptionsChannel.com.