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Noteworthy Wednesday Option Activity: STNG, FTAI, AMBC Stock Options Channel Staff - Wednesday, January 24, 3:36 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Scorpio Tankers Inc (STNG), where a total volume of 16,171 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 115.4% of STNG's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $40 strike put option expiring April 19, 2024, with 3,285 contracts trading so far today, representing approximately 328,500 underlying shares of STNG. Below is a chart showing STNG's trailing twelve month trading history, with the $40 strike highlighted in orange:
FTAI Aviation Ltd (FTAI) options are showing a volume of 6,329 contracts thus far today. That number of contracts represents approximately 632,900 underlying shares, working out to a sizeable 108.5% of FTAI's average daily trading volume over the past month, of 583,170 shares. Especially high volume was seen for the $42 strike put option expiring August 16, 2024, with 1,604 contracts trading so far today, representing approximately 160,400 underlying shares of FTAI. Below is a chart showing FTAI's trailing twelve month trading history, with the $42 strike highlighted in orange:
And Ambac Financial Group, Inc. (AMBC) saw options trading volume of 3,326 contracts, representing approximately 332,600 underlying shares or approximately 107% of AMBC's average daily trading volume over the past month, of 310,880 shares. Especially high volume was seen for the $15 strike call option expiring February 16, 2024, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of AMBC. Below is a chart showing AMBC's trailing twelve month trading history, with the $15 strike highlighted in orange:
For the various different available expirations for STNG options, FTAI options, or AMBC options, visit StockOptionsChannel.com.
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