Noteworthy Monday Option Activity: LLY, DBI, PINS
Stock Options Channel Staff - Monday, August 21, 4:23 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Eli Lilly (LLY), where a total of 16,989 contracts have traded so far, representing approximately 1.7 million underlying shares. That amounts to about 52.9% of LLY's average daily trading volume over the past month of 3.2 million shares. Particularly high volume was seen for the $550 strike call option expiring September 15, 2023, with 642 contracts trading so far today, representing approximately 64,200 underlying shares of LLY. Below is a chart showing LLY's trailing twelve month trading history, with the $550 strike highlighted in orange:
Designer Brands Inc (DBI) options are showing a volume of 7,023 contracts thus far today. That number of contracts represents approximately 702,300 underlying shares, working out to a sizeable 52.9% of DBI's average daily trading volume over the past month, of 1.3 million shares.
Particularly high volume was seen for the $12 strike call option expiring December 15, 2023, with 2,517 contracts trading so far today, representing approximately 251,700 underlying shares of DBI. Below is a chart showing DBI's trailing twelve month trading history, with the $12 strike highlighted in orange:
And Pinterest Inc (PINS) options are showing a volume of 59,542 contracts thus far today. That number of contracts represents approximately 6.0 million underlying shares, working out to a sizeable 52.6% of PINS's average daily trading volume over the past month, of 11.3 million shares.
Particularly high volume was seen for the $28 strike call option expiring August 25, 2023, with 7,872 contracts trading so far today, representing approximately 787,200 underlying shares of PINS. Below is a chart showing PINS's trailing twelve month trading history, with the $28 strike highlighted in orange:
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