Noteworthy Monday Option Activity: SAVA, GPI, RYAM
Stock Options Channel Staff - Monday, August 14, 3:27 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Cassava Sciences Inc (SAVA), where a total of 11,084 contracts have traded so far, representing approximately 1.1 million underlying shares. That amounts to about 142.9% of SAVA's average daily trading volume over the past month of 775,630 shares. Especially high volume was seen for the $20 strike call option expiring August 18, 2023, with 3,304 contracts trading so far today, representing approximately 330,400 underlying shares of SAVA. Below is a chart showing SAVA's trailing twelve month trading history, with the $20 strike highlighted in orange:
Group 1 Automotive, Inc. (GPI) saw options trading volume of 1,988 contracts, representing approximately 198,800 underlying shares or approximately 126.4% of GPI's average daily trading volume over the past month, of 157,325 shares.
Particularly high volume was seen for the $210 strike call option expiring August 18, 2023, with 958 contracts trading so far today, representing approximately 95,800 underlying shares of GPI. Below is a chart showing GPI's trailing twelve month trading history, with the $210 strike highlighted in orange:
And Rayonier Advanced Materials Inc (RYAM) saw options trading volume of 12,920 contracts, representing approximately 1.3 million underlying shares or approximately 125.8% of RYAM's average daily trading volume over the past month, of 1.0 million shares.
Especially high volume was seen for the $2.50 strike call option expiring August 18, 2023, with 4,040 contracts trading so far today, representing approximately 404,000 underlying shares of RYAM. Below is a chart showing RYAM's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
For the various different available expirations for SAVA options, GPI options, or RYAM options, visit StockOptionsChannel.com.