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Notable Tuesday Option Activity: AI, CLH, LUV Stock Options Channel Staff - Tuesday, February 20, 3:30 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in C3.ai Inc (AI), where a total volume of 48,084 contracts has been traded thus far today, a contract volume which is representative of approximately 4.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 67.4% of AI's average daily trading volume over the past month, of 7.1 million shares. Especially high volume was seen for the $30 strike call option expiring February 23, 2024, with 1,850 contracts trading so far today, representing approximately 185,000 underlying shares of AI. Below is a chart showing AI's trailing twelve month trading history, with the $30 strike highlighted in orange:
Clean Harbors Inc (CLH) saw options trading volume of 1,989 contracts, representing approximately 198,900 underlying shares or approximately 65.7% of CLH's average daily trading volume over the past month, of 302,735 shares. Particularly high volume was seen for the $190 strike call option expiring March 15, 2024, with 1,364 contracts trading so far today, representing approximately 136,400 underlying shares of CLH. Below is a chart showing CLH's trailing twelve month trading history, with the $190 strike highlighted in orange:
And Southwest Airlines Co (LUV) options are showing a volume of 53,854 contracts thus far today. That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 65.1% of LUV's average daily trading volume over the past month, of 8.3 million shares. Especially high volume was seen for the $37.50 strike call option expiring March 15, 2024, with 20,095 contracts trading so far today, representing approximately 2.0 million underlying shares of LUV. Below is a chart showing LUV's trailing twelve month trading history, with the $37.50 strike highlighted in orange:
For the various different available expirations for AI options, CLH options, or LUV options, visit StockOptionsChannel.com.
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