Noteworthy Friday Option Activity: BL, CUTR, ROAD
Stock Options Channel Staff - Friday, September 22, 3:21 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in BlackLine Inc (BL), where a total volume of 4,593 contracts has been traded thus far today, a contract volume which is representative of approximately 459,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.1% of BL's average daily trading volume over the past month, of 645,955 shares. Especially high volume was seen for the $55 strike call option expiring November 17, 2023, with 3,819 contracts trading so far today, representing approximately 381,900 underlying shares of BL. Below is a chart showing BL's trailing twelve month trading history, with the $55 strike highlighted in orange:
Cutera Inc (CUTR) saw options trading volume of 4,522 contracts, representing approximately 452,200 underlying shares or approximately 68.8% of CUTR's average daily trading volume over the past month, of 657,650 shares.
Particularly high volume was seen for the $9 strike call option expiring October 20, 2023, with 2,066 contracts trading so far today, representing approximately 206,600 underlying shares of CUTR. Below is a chart showing CUTR's trailing twelve month trading history, with the $9 strike highlighted in orange:
And Construction Partners Inc (ROAD) saw options trading volume of 2,001 contracts, representing approximately 200,100 underlying shares or approximately 68.4% of ROAD's average daily trading volume over the past month, of 292,595 shares.
Especially high volume was seen for the $35 strike call option expiring October 20, 2023, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of ROAD. Below is a chart showing ROAD's trailing twelve month trading history, with the $35 strike highlighted in orange:
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