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Notable Tuesday Option Activity: VAL, REX, X Stock Options Channel Staff - Tuesday, December 12, 3:51 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Valaris Ltd (VAL), where a total volume of 3,018 contracts has been traded thus far today, a contract volume which is representative of approximately 301,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.5% of VAL's average daily trading volume over the past month, of 693,725 shares. Especially high volume was seen for the $50 strike call option expiring December 20, 2024, with 510 contracts trading so far today, representing approximately 51,000 underlying shares of VAL. Below is a chart showing VAL's trailing twelve month trading history, with the $50 strike highlighted in orange:
REX American Resources Corp (REX) options are showing a volume of 418 contracts thus far today. That number of contracts represents approximately 41,800 underlying shares, working out to a sizeable 43.1% of REX's average daily trading volume over the past month, of 97,095 shares. Especially high volume was seen for the $45 strike call option expiring December 15, 2023, with 329 contracts trading so far today, representing approximately 32,900 underlying shares of REX. Below is a chart showing REX's trailing twelve month trading history, with the $45 strike highlighted in orange:
And United States Steel Corp. (X) options are showing a volume of 17,331 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 42% of X's average daily trading volume over the past month, of 4.1 million shares. Particularly high volume was seen for the $36 strike call option expiring December 15, 2023, with 6,115 contracts trading so far today, representing approximately 611,500 underlying shares of X. Below is a chart showing X's trailing twelve month trading history, with the $36 strike highlighted in orange:
For the various different available expirations for VAL options, REX options, or X options, visit StockOptionsChannel.com.
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