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Noteworthy Monday Option Activity: BOWL, ALGT, CHGG Stock Options Channel Staff - Monday, February 5, 3:18 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Bowlero Corp (BOWL), where a total volume of 12,964 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 94.7% of BOWL's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $15 strike call option expiring March 15, 2024, with 3,992 contracts trading so far today, representing approximately 399,200 underlying shares of BOWL. Below is a chart showing BOWL's trailing twelve month trading history, with the $15 strike highlighted in orange:
Allegiant Travel Company (ALGT) saw options trading volume of 2,173 contracts, representing approximately 217,300 underlying shares or approximately 90.3% of ALGT's average daily trading volume over the past month, of 240,645 shares. Especially high volume was seen for the $85 strike call option expiring February 16, 2024, with 899 contracts trading so far today, representing approximately 89,900 underlying shares of ALGT. Below is a chart showing ALGT's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Chegg Inc (CHGG) options are showing a volume of 20,263 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 80.9% of CHGG's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the $10 strike call option expiring February 16, 2024, with 7,656 contracts trading so far today, representing approximately 765,600 underlying shares of CHGG. Below is a chart showing CHGG's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for BOWL options, ALGT options, or CHGG options, visit StockOptionsChannel.com.
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