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Noteworthy Monday Option Activity: SHAK, SOUN, CIO Stock Options Channel Staff - Monday, February 26, 3:20 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Shake Shack Inc (SHAK), where a total volume of 6,988 contracts has been traded thus far today, a contract volume which is representative of approximately 698,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.8% of SHAK's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $110 strike call option expiring March 01, 2024, with 1,005 contracts trading so far today, representing approximately 100,500 underlying shares of SHAK. Below is a chart showing SHAK's trailing twelve month trading history, with the $110 strike highlighted in orange:
SoundHound AI Inc (SOUN) saw options trading volume of 238,509 contracts, representing approximately 23.9 million underlying shares or approximately 54.8% of SOUN's average daily trading volume over the past month, of 43.6 million shares. Especially high volume was seen for the $5 strike call option expiring March 01, 2024, with 24,771 contracts trading so far today, representing approximately 2.5 million underlying shares of SOUN. Below is a chart showing SOUN's trailing twelve month trading history, with the $5 strike highlighted in orange:
And City Office REIT Inc (CIO) options are showing a volume of 1,201 contracts thus far today. That number of contracts represents approximately 120,100 underlying shares, working out to a sizeable 54.2% of CIO's average daily trading volume over the past month, of 221,580 shares. Particularly high volume was seen for the $2.50 strike put option expiring July 19, 2024, with 1,012 contracts trading so far today, representing approximately 101,200 underlying shares of CIO. Below is a chart showing CIO's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
For the various different available expirations for SHAK options, SOUN options, or CIO options, visit StockOptionsChannel.com.
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