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Notable Friday Option Activity: LMT, CVNA, ALGN Stock Options Channel Staff - Friday, June 24, 3:49 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lockheed Martin Corp (LMT), where a total volume of 6,428 contracts has been traded thus far today, a contract volume which is representative of approximately 642,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.7% of LMT's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $640 strike call option expiring July 15, 2022, with 588 contracts trading so far today, representing approximately 58,800 underlying shares of LMT. Below is a chart showing LMT's trailing twelve month trading history, with the $640 strike highlighted in orange:
Carvana Co (CVNA) options are showing a volume of 51,282 contracts thus far today. That number of contracts represents approximately 5.1 million underlying shares, working out to a sizeable 46.3% of CVNA's average daily trading volume over the past month, of 11.1 million shares. Particularly high volume was seen for the $30 strike call option expiring June 24, 2022, with 9,597 contracts trading so far today, representing approximately 959,700 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Align Technology Inc (ALGN) options are showing a volume of 5,365 contracts thus far today. That number of contracts represents approximately 536,500 underlying shares, working out to a sizeable 46.1% of ALGN's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $115 strike put option expiring July 15, 2022, with 1,936 contracts trading so far today, representing approximately 193,600 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $115 strike highlighted in orange:
For the various different available expirations for LMT options, CVNA options, or ALGN options, visit StockOptionsChannel.com.
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