Market News Video

Notable Tuesday Option Activity: ALKS, GFF, OLED

By Market News Video Staff, Tuesday, December 6, 3:29 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alkermes plc (NASDAQ:ALKS), where a total volume of 9,182 contracts has been traded thus far today, a contract volume which is representative of approximately 918,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58% of ALKS's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $25 strike call option expiring December 16, 2022, with 4,416 contracts trading so far today, representing approximately 441,600 underlying shares of ALKS. Below is a chart showing ALKS's trailing twelve month trading history, with the $25 strike highlighted in orange:

Griffon Corp. (NYSE:GFF) saw options trading volume of 2,342 contracts, representing approximately 234,200 underlying shares or approximately 57.2% of GFF's average daily trading volume over the past month, of 409,290 shares. Especially high volume was seen for the $40 strike call option expiring March 17, 2023, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of GFF. Below is a chart showing GFF's trailing twelve month trading history, with the $40 strike highlighted in orange:

And Universal Display Corp (NASDAQ:OLED) options are showing a volume of 1,871 contracts thus far today. That number of contracts represents approximately 187,100 underlying shares, working out to a sizeable 55.8% of OLED's average daily trading volume over the past month, of 335,200 shares. Particularly high volume was seen for the $114 strike call option expiring December 16, 2022, with 270 contracts trading so far today, representing approximately 27,000 underlying shares of OLED. Below is a chart showing OLED's trailing twelve month trading history, with the $114 strike highlighted in orange:

For the various different available expirations for ALKS options, GFF options, or OLED options, visit StockOptionsChannel.com.


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