Notable Option Activity Wednesday: CEIX, CZR, VMW

Yara SamDecember 29, 2022

In terms of options trading activity among the constituents of the Russell 3000 Index, there was notable activity today at CONSOL Energy Inc (Ticker: CEIX), where a total volume of 3,848 contracts was traded. traded so far today, a volume of contracts that is representative of approximately 384,800 underlying shares (given that each contract represents 100 underlying shares). This number equates to 55.7% of CEIX’s average daily trading volume over the past month, or 691,035 shares. Particularly high volume was seen for the $65 strike call option expiring on January 20, 2023, with 570 contracts traded so far today, representing approximately 57,000 underlying CEIX shares. Below is a chart showing CEIX’s trading history over the last twelve months, with the $65 strike highlighted in orange:

Caesars Entertainment Inc (Ticker: CZR) options have a volume of 15,321 contracts to date. This number of contracts represents approximately 1.5 million underlying shares, or 53.4% of CZR’s average daily trading volume over the past month, or 2.9 million shares. Particularly high volume was seen for the $75 strike put option expiring June 16, 2023, with 2,540 contracts traded so far today, representing approximately 254,000 underlying CZR shares. Below is a chart showing CZR’s trading history over the past twelve months, with the $75 strike highlighted in orange:

And the options of VMware Inc (symbol: VMW) show a volume of 5,623 contracts to date. This number of contracts represents approximately 562,300 underlying shares, or 53.3% of VMW’s average daily trading volume over the past month, or 1.1 million shares. Particularly high volume was seen for the $120 strike put expiring on January 20, 2023, with 5,007 contracts traded so far today, representing approximately 500,700 underlying VMW shares. Below is a chart showing VMW’s trading history over the last twelve months, with the $120 strike highlighted in orange: