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Noteworthy Monday Option Activity: SAVA, AVAV, EU Stock Options Channel Staff - Monday, April 8, 3:45 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cassava Sciences Inc (SAVA), where a total volume of 3,233 contracts has been traded thus far today, a contract volume which is representative of approximately 323,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.4% of SAVA's average daily trading volume over the past month, of 667,300 shares. Especially high volume was seen for the $25 strike call option expiring April 12, 2024, with 343 contracts trading so far today, representing approximately 34,300 underlying shares of SAVA. Below is a chart showing SAVA's trailing twelve month trading history, with the $25 strike highlighted in orange:
AeroVironment, Inc. (AVAV) options are showing a volume of 1,854 contracts thus far today. That number of contracts represents approximately 185,400 underlying shares, working out to a sizeable 47.5% of AVAV's average daily trading volume over the past month, of 389,995 shares. Especially high volume was seen for the $180 strike call option expiring July 19, 2024, with 1,294 contracts trading so far today, representing approximately 129,400 underlying shares of AVAV. Below is a chart showing AVAV's trailing twelve month trading history, with the $180 strike highlighted in orange:
And Encore Energy Corp (EU) options are showing a volume of 5,442 contracts thus far today. That number of contracts represents approximately 544,200 underlying shares, working out to a sizeable 43.6% of EU's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $4 strike put option expiring October 18, 2024, with 5,155 contracts trading so far today, representing approximately 515,500 underlying shares of EU. Below is a chart showing EU's trailing twelve month trading history, with the $4 strike highlighted in orange:
For the various different available expirations for SAVA options, AVAV options, or EU options, visit StockOptionsChannel.com.
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