Notable Thursday Option Activity: RH, INGN, AVGO
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 RH (RH), where a total volume of 14,834 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 273.2% of RH's average daily trading volume over the past month, of 542,975 shares. Particularly high volume was seen for the $310 strike call option expiring January 19, 2024, with 934 contracts trading so far today, representing approximately 93,400 underlying shares of RH. Below is a chart showing RH's trailing twelve month trading history, with the $310 strike highlighted in orange:
Inogen, Inc (INGN) saw options trading volume of 5,993 contracts, representing approximately 599,300 underlying shares or approximately 173.1% of INGN's average daily trading volume over the past month, of 346,125 shares.
Particularly high volume was seen for the $7.50 strike call option expiring January 19, 2024, with 2,679 contracts trading so far today, representing approximately 267,900 underlying shares of INGN. Below is a chart showing INGN's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
And Broadcom Inc (AVGO) saw options trading volume of 50,069 contracts, representing approximately 5.0 million underlying shares or approximately 157.8% of AVGO's average daily trading volume over the past month, of 3.2 million shares.
Particularly high volume was seen for the $850 strike put option expiring December 08, 2023, with 1,936 contracts trading so far today, representing approximately 193,600 underlying shares of AVGO. Below is a chart showing AVGO's trailing twelve month trading history, with the $850 strike highlighted in orange:
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