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Noteworthy Wednesday Option Activity: CBAY, UTZ, CLFD Stock Options Channel Staff - Wednesday, January 31, 3:25 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CymaBay Therapeutics Inc (CBAY), where a total volume of 7,850 contracts has been traded thus far today, a contract volume which is representative of approximately 785,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.3% of CBAY's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $25 strike call option expiring March 15, 2024, with 3,476 contracts trading so far today, representing approximately 347,600 underlying shares of CBAY. Below is a chart showing CBAY's trailing twelve month trading history, with the $25 strike highlighted in orange:
Utz Brands Inc (UTZ) options are showing a volume of 5,319 contracts thus far today. That number of contracts represents approximately 531,900 underlying shares, working out to a sizeable 60.5% of UTZ's average daily trading volume over the past month, of 879,375 shares. Particularly high volume was seen for the $17.50 strike call option expiring February 16, 2024, with 2,605 contracts trading so far today, representing approximately 260,500 underlying shares of UTZ. Below is a chart showing UTZ's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
And Clearfield Inc (CLFD) saw options trading volume of 1,192 contracts, representing approximately 119,200 underlying shares or approximately 59% of CLFD's average daily trading volume over the past month, of 201,890 shares. Especially high volume was seen for the $20 strike put option expiring February 16, 2024, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of CLFD. Below is a chart showing CLFD's trailing twelve month trading history, with the $20 strike highlighted in orange:
For the various different available expirations for CBAY options, UTZ options, or CLFD options, visit StockOptionsChannel.com.
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