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Notable Thursday Option Activity: HD, SPWR, MEI Stock Options Channel Staff - Thursday, December 7, 3:22 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Home Depot Inc (HD), where a total volume of 15,222 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.1% of HD's average daily trading volume over the past month, of 3.5 million shares. Particularly high volume was seen for the $340 strike call option expiring December 08, 2023, with 2,373 contracts trading so far today, representing approximately 237,300 underlying shares of HD. Below is a chart showing HD's trailing twelve month trading history, with the $340 strike highlighted in orange:
SunPower Corp (SPWR) options are showing a volume of 19,732 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 42% of SPWR's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $5.50 strike call option expiring January 19, 2024, with 6,223 contracts trading so far today, representing approximately 622,300 underlying shares of SPWR. Below is a chart showing SPWR's trailing twelve month trading history, with the $5.50 strike highlighted in orange:
And Methode Electronics Inc (MEI) saw options trading volume of 845 contracts, representing approximately 84,500 underlying shares or approximately 41.4% of MEI's average daily trading volume over the past month, of 203,890 shares. Particularly high volume was seen for the $22.50 strike put option expiring December 15, 2023, with 283 contracts trading so far today, representing approximately 28,300 underlying shares of MEI. Below is a chart showing MEI's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
For the various different available expirations for HD options, SPWR options, or MEI options, visit StockOptionsChannel.com.
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