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Noteworthy Thursday Option Activity: UPST, AVID, QS Stock Options Channel Staff - Thursday, August 3, 3:20 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Upstart Holdings Inc (UPST), where a total volume of 89,552 contracts has been traded thus far today, a contract volume which is representative of approximately 9.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 74.5% of UPST's average daily trading volume over the past month, of 12.0 million shares. Especially high volume was seen for the $60 strike put option expiring August 04, 2023, with 10,129 contracts trading so far today, representing approximately 1.0 million underlying shares of UPST. Below is a chart showing UPST's trailing twelve month trading history, with the $60 strike highlighted in orange:
Avid Technology, Inc. (AVID) options are showing a volume of 2,950 contracts thus far today. That number of contracts represents approximately 295,000 underlying shares, working out to a sizeable 73% of AVID's average daily trading volume over the past month, of 404,330 shares. Particularly high volume was seen for the $30 strike call option expiring September 15, 2023, with 816 contracts trading so far today, representing approximately 81,600 underlying shares of AVID. Below is a chart showing AVID's trailing twelve month trading history, with the $30 strike highlighted in orange:
And QuantumScape Corp (QS) options are showing a volume of 90,044 contracts thus far today. That number of contracts represents approximately 9.0 million underlying shares, working out to a sizeable 72.9% of QS's average daily trading volume over the past month, of 12.4 million shares. Especially high volume was seen for the $9 strike put option expiring August 04, 2023, with 14,241 contracts trading so far today, representing approximately 1.4 million underlying shares of QS. Below is a chart showing QS's trailing twelve month trading history, with the $9 strike highlighted in orange:
For the various different available expirations for UPST options, AVID options, or QS options, visit StockOptionsChannel.com.
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