Market News Video

Noteworthy Monday Option Activity: CREE, SDGR, PAYC

By Market News Video Staff, Monday, May 3, 4:44 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cree Inc (CREE), where a total volume of 10,911 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.3% of CREE's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $115 strike call option expiring May 21, 2021, with 4,366 contracts trading so far today, representing approximately 436,600 underlying shares of CREE. Below is a chart showing CREE's trailing twelve month trading history, with the $115 strike highlighted in orange:

Schrodinger Inc (NASDAQ:SDGR) options are showing a volume of 4,369 contracts thus far today. That number of contracts represents approximately 436,900 underlying shares, working out to a sizeable 65% of SDGR's average daily trading volume over the past month, of 672,310 shares. Especially high volume was seen for the $80 strike call option expiring May 21, 2021, with 2,667 contracts trading so far today, representing approximately 266,700 underlying shares of SDGR. Below is a chart showing SDGR's trailing twelve month trading history, with the $80 strike highlighted in orange:

And Paycom Software Inc (NYSE:PAYC) options are showing a volume of 2,032 contracts thus far today. That number of contracts represents approximately 203,200 underlying shares, working out to a sizeable 64.9% of PAYC's average daily trading volume over the past month, of 313,185 shares. Especially high volume was seen for the $370 strike call option expiring May 21, 2021, with 396 contracts trading so far today, representing approximately 39,600 underlying shares of PAYC. Below is a chart showing PAYC's trailing twelve month trading history, with the $370 strike highlighted in orange:

For the various different available expirations for CREE options, SDGR options, or PAYC options, visit StockOptionsChannel.com.


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