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Noteworthy Wednesday Option Activity: NDLS, ADTN, CAR Stock Options Channel Staff - Wednesday, January 19, 4:30 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Noodles & Co (NDLS), where a total volume of 2,125 contracts has been traded thus far today, a contract volume which is representative of approximately 212,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 76.9% of NDLS's average daily trading volume over the past month, of 276,255 shares. Particularly high volume was seen for the $10 strike call option expiring May 20, 2022, with 1,611 contracts trading so far today, representing approximately 161,100 underlying shares of NDLS. Below is a chart showing NDLS's trailing twelve month trading history, with the $10 strike highlighted in orange:
Adtran, Inc. (ADTN) options are showing a volume of 3,345 contracts thus far today. That number of contracts represents approximately 334,500 underlying shares, working out to a sizeable 76.8% of ADTN's average daily trading volume over the past month, of 435,600 shares. Especially high volume was seen for the $17 strike put option expiring February 18, 2022, with 1,029 contracts trading so far today, representing approximately 102,900 underlying shares of ADTN. Below is a chart showing ADTN's trailing twelve month trading history, with the $17 strike highlighted in orange:
And Avis Budget Group Inc (CAR) options are showing a volume of 5,597 contracts thus far today. That number of contracts represents approximately 559,700 underlying shares, working out to a sizeable 72.5% of CAR's average daily trading volume over the past month, of 772,145 shares. Especially high volume was seen for the $230 strike call option expiring January 21, 2022, with 4,002 contracts trading so far today, representing approximately 400,200 underlying shares of CAR. Below is a chart showing CAR's trailing twelve month trading history, with the $230 strike highlighted in orange:
For the various different available expirations for NDLS options, ADTN options, or CAR options, visit StockOptionsChannel.com.
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