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Noteworthy Thursday Option Activity: SOVO, WSM, SONO Stock Options Channel Staff - Thursday, May 11, 3:28 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sovos Brands Inc (SOVO), where a total volume of 3,427 contracts has been traded thus far today, a contract volume which is representative of approximately 342,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 100.5% of SOVO's average daily trading volume over the past month, of 340,840 shares. Especially high volume was seen for the $15 strike call option expiring May 19, 2023, with 2,559 contracts trading so far today, representing approximately 255,900 underlying shares of SOVO. Below is a chart showing SOVO's trailing twelve month trading history, with the $15 strike highlighted in orange:
Williams Sonoma Inc (WSM) saw options trading volume of 7,177 contracts, representing approximately 717,700 underlying shares or approximately 92.4% of WSM's average daily trading volume over the past month, of 776,845 shares. Especially high volume was seen for the $105 strike put option expiring June 16, 2023, with 2,027 contracts trading so far today, representing approximately 202,700 underlying shares of WSM. Below is a chart showing WSM's trailing twelve month trading history, with the $105 strike highlighted in orange:
And Sonos Inc (SONO) saw options trading volume of 13,168 contracts, representing approximately 1.3 million underlying shares or approximately 88.5% of SONO's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $16.50 strike call option expiring May 12, 2023, with 1,169 contracts trading so far today, representing approximately 116,900 underlying shares of SONO. Below is a chart showing SONO's trailing twelve month trading history, with the $16.50 strike highlighted in orange:
For the various different available expirations for SOVO options, WSM options, or SONO options, visit StockOptionsChannel.com.
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