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Noteworthy Thursday Option Activity: GCI, UNIT, AMBC Stock Options Channel Staff - Thursday, October 21, 3:20 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Gannett Co Inc (GCI), where a total volume of 105,767 contracts has been traded thus far today, a contract volume which is representative of approximately 10.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 913.2% of GCI's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $5 strike call option expiring December 17, 2021, with 52,634 contracts trading so far today, representing approximately 5.3 million underlying shares of GCI. Below is a chart showing GCI's trailing twelve month trading history, with the $5 strike highlighted in orange:
Uniti Group Inc (UNIT) saw options trading volume of 47,345 contracts, representing approximately 4.7 million underlying shares or approximately 320.6% of UNIT's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $15 strike call option expiring March 18, 2022, with 10,324 contracts trading so far today, representing approximately 1.0 million underlying shares of UNIT. Below is a chart showing UNIT's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Ambac Financial Group, Inc. (AMBC) saw options trading volume of 8,204 contracts, representing approximately 820,400 underlying shares or approximately 271.7% of AMBC's average daily trading volume over the past month, of 301,920 shares. Especially high volume was seen for the $17.50 strike call option expiring February 18, 2022, with 3,923 contracts trading so far today, representing approximately 392,300 underlying shares of AMBC. Below is a chart showing AMBC's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
For the various different available expirations for GCI options, UNIT options, or AMBC options, visit StockOptionsChannel.com.
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