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Noteworthy Monday Option Activity: VZ, STZ, UWMC Stock Options Channel Staff - Monday, January 23, 3:31 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Verizon Communications Inc (VZ), where a total volume of 126,765 contracts has been traded thus far today, a contract volume which is representative of approximately 12.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52% of VZ's average daily trading volume over the past month, of 24.4 million shares. Especially high volume was seen for the $38 strike put option expiring January 27, 2023, with 26,106 contracts trading so far today, representing approximately 2.6 million underlying shares of VZ. Below is a chart showing VZ's trailing twelve month trading history, with the $38 strike highlighted in orange:
Constellation Brands Inc (STZ) saw options trading volume of 9,700 contracts, representing approximately 970,000 underlying shares or approximately 51.2% of STZ's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $222.50 strike call option expiring January 27, 2023, with 1,381 contracts trading so far today, representing approximately 138,100 underlying shares of STZ. Below is a chart showing STZ's trailing twelve month trading history, with the $222.50 strike highlighted in orange:
And UWM Holdings Corp (UWMC) saw options trading volume of 5,275 contracts, representing approximately 527,500 underlying shares or approximately 50.8% of UWMC's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $4.50 strike call option expiring January 27, 2023, with 773 contracts trading so far today, representing approximately 77,300 underlying shares of UWMC. Below is a chart showing UWMC's trailing twelve month trading history, with the $4.50 strike highlighted in orange:
For the various different available expirations for VZ options, STZ options, or UWMC options, visit StockOptionsChannel.com.
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