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Notable Tuesday Optional Activity: NKLA, XPO, LNW


In terms of options trading activity among the constituents of the Russell 3000 Index, there was notable activity today at Nikola Corp (Symbol: NKLA), where a total volume of 158,527 contracts was traded. traded so far today, a volume of contracts that is representative of approximately 15.9 million underlying shares (given that each contract represents 100 underlying shares). This number equates to 137.2% of NKLA’s average daily trading volume over the past month, or 11.6 million shares. Particularly high volume was seen for the $6.50 strike put option expiring August 19, 2022, with 31,797 contracts traded to date, representing approximately 3.2 million underlying NKLA shares. . Below is a chart showing NKLA’s past twelve month trading history, with the $6.50 strike highlighted in orange:

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XPO Logistics, Inc. (ticker: XPO) options have a volume of 17,685 contracts to date. This number of contracts represents approximately 1.8 million underlying shares, or 120.2% of XPO’s average daily trading volume over the past month, or 1.5 million shares. Particularly high volume was seen for the $40 strike put option expiring November 18, 2022, with 3,634 contracts traded so far today, representing approximately 363,400 underlying XPO shares. Below is a chart showing XPO’s trading history over the last twelve months, with the $40 strike highlighted in orange:

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And Light & Wonder Inc (Symbol: LNW) recorded options trading volume of 5,403 contracts, representing approximately 540,300 underlying stocks or approximately 113.2% of LNW’s average daily trading volume during the month. last, or 477,305 shares. Particularly high volume was seen for the $55 strike call option expiring on October 21, 2022, with 3,311 contracts traded so far today, representing approximately 331,100 underlying LNW shares. Below is a chart showing LNW’s trading history over the last twelve months, with the $55 strike highlighted in orange:

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For the different expirations available for NKLA options, XPO options or LNW options, visit StockOptionsChannel.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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