Noteworthy Tuesday Option Activity: LOW, GOGO, RH
Stock Options Channel Staff - Tuesday, June 13, 3:53 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Lowe's Companies Inc (LOW), where a total of 13,865 contracts have traded so far, representing approximately 1.4 million underlying shares. That amounts to about 44.1% of LOW's average daily trading volume over the past month of 3.1 million shares. Particularly high volume was seen for the $190 strike put option expiring July 21, 2023, with 2,110 contracts trading so far today, representing approximately 211,000 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $190 strike highlighted in orange:
Gogo Inc (GOGO) options are showing a volume of 2,377 contracts thus far today. That number of contracts represents approximately 237,700 underlying shares, working out to a sizeable 43.4% of GOGO's average daily trading volume over the past month, of 547,625 shares.
Particularly high volume was seen for the $14 strike put option expiring August 18, 2023, with 750 contracts trading so far today, representing approximately 75,000 underlying shares of GOGO. Below is a chart showing GOGO's trailing twelve month trading history, with the $14 strike highlighted in orange:
And RH (RH) saw options trading volume of 3,472 contracts, representing approximately 347,200 underlying shares or approximately 41.8% of RH's average daily trading volume over the past month, of 831,005 shares.
Particularly high volume was seen for the $285 strike call option expiring June 16, 2023, with 526 contracts trading so far today, representing approximately 52,600 underlying shares of RH. Below is a chart showing RH's trailing twelve month trading history, with the $285 strike highlighted in orange:
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