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Noteworthy Friday Option Activity: AXL, AMC, CPE Stock Options Channel Staff - Friday, July 7, 3:25 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Axle & Manufacturing Holdings Inc (AXL), where a total volume of 16,003 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 113.4% of AXL's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $9 strike call option expiring July 21, 2023, with 5,938 contracts trading so far today, representing approximately 593,800 underlying shares of AXL. Below is a chart showing AXL's trailing twelve month trading history, with the $9 strike highlighted in orange:
AMC Entertainment Holdings Inc. (AMC) saw options trading volume of 202,508 contracts, representing approximately 20.3 million underlying shares or approximately 108.5% of AMC's average daily trading volume over the past month, of 18.7 million shares. Particularly high volume was seen for the $10 strike put option expiring July 21, 2023, with 17,138 contracts trading so far today, representing approximately 1.7 million underlying shares of AMC. Below is a chart showing AMC's trailing twelve month trading history, with the $10 strike highlighted in orange:
And Callon Petroleum Co. (CPE) options are showing a volume of 15,929 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 106.4% of CPE's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $32 strike put option expiring January 19, 2024, with 5,010 contracts trading so far today, representing approximately 501,000 underlying shares of CPE. Below is a chart showing CPE's trailing twelve month trading history, with the $32 strike highlighted in orange:
For the various different available expirations for AXL options, AMC options, or CPE options, visit StockOptionsChannel.com.
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