Stock Options Channel Staff - Wednesday, April 20, 4:10 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sunnova Energy International Inc (NOVA), where a total volume of 21,899 contracts has been traded thus far today, a contract volume which is representative of approximately 2.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 94.2% of NOVA's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $15 strike put option expiring January 20, 2023, with 12,000 contracts trading so far today, representing approximately 1.2 million underlying shares of NOVA. Below is a chart showing NOVA's trailing twelve month trading history, with the $15 strike highlighted in orange:
Avis Budget Group Inc (CAR) saw options trading volume of 8,245 contracts, representing approximately 824,500 underlying shares or approximately 92.6% of CAR's average daily trading volume over the past month, of 890,415 shares. Especially high volume was seen for the $220 strike put option expiring May 20, 2022, with 1,568 contracts trading so far today, representing approximately 156,800 underlying shares of CAR. Below is a chart showing CAR's trailing twelve month trading history, with the $220 strike highlighted in orange:
And ProPetro Holding Corp (PUMP) options are showing a volume of 10,146 contracts thus far today. That number of contracts represents approximately 1.0 million underlying shares, working out to a sizeable 90.9% of PUMP's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $17.50 strike call option expiring May 20, 2022, with 3,446 contracts trading so far today, representing approximately 344,600 underlying shares of PUMP. Below is a chart showing PUMP's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
For the various different available expirations for NOVA options, CAR options, or PUMP options, visit StockOptionsChannel.com.
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