Notable Monday Option Activity: GPS, WISH, WAL
Stock Options Channel Staff - Monday, March 4, 3:39 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in The Gap Inc (GPS), where a total of 21,134 contracts have traded so far, representing approximately 2.1 million underlying shares. That amounts to about 40.7% of GPS's average daily trading volume over the past month of 5.2 million shares. Especially high volume was seen for the $19 strike put option expiring September 20, 2024, with 2,190 contracts trading so far today, representing approximately 219,000 underlying shares of GPS. Below is a chart showing GPS's trailing twelve month trading history, with the $19 strike highlighted in orange:
ContextLogic Inc (WISH) options are showing a volume of 7,218 contracts thus far today. That number of contracts represents approximately 721,800 underlying shares, working out to a sizeable 40.7% of WISH's average daily trading volume over the past month, of 1.8 million shares.
Particularly high volume was seen for the $7 strike call option expiring March 15, 2024, with 2,249 contracts trading so far today, representing approximately 224,900 underlying shares of WISH. Below is a chart showing WISH's trailing twelve month trading history, with the $7 strike highlighted in orange:
And Western Alliance Bancorporation (WAL) saw options trading volume of 6,345 contracts, representing approximately 634,500 underlying shares or approximately 40.4% of WAL's average daily trading volume over the past month, of 1.6 million shares.
Particularly high volume was seen for the $62 strike call option expiring March 08, 2024, with 866 contracts trading so far today, representing approximately 86,600 underlying shares of WAL. Below is a chart showing WAL's trailing twelve month trading history, with the $62 strike highlighted in orange:
For the various different available expirations for GPS options, WISH options, or WAL options, visit StockOptionsChannel.com.