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Remarkable optional activity on Wednesday: PARA, AA, LEG

ProDentim


In terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at Paramount Global (Symbol: PARA), where a total volume of 53,067 contracts was traded. traded so far today, a volume of contracts that is representative of approximately 5.3 million underlying shares (given that each contract represents 100 underlying shares). This number equates to 42.6% of PARA’s average daily trading volume over the past month, or 12.4 million shares. Particularly high volume was seen for the $30 strike put option expiring on January 20, 2023, with 15,619 contracts traded to date, representing approximately 1.6 million underlying shares of PARA. Below is a chart showing PARA’s trading history over the last twelve months, with the $30 strike highlighted in orange:

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Alcoa Corporation (Symbol: AA) recorded options trading volume of 17,861 contracts, representing approximately 1.8 million underlying shares or approximately 42.4% of AA’s average daily trading volume during the last month, or 4.2 million shares. Particularly high volume was seen for the $39.50 strike put option expiring on December 30, 2022, with 5,668 contracts traded so far today, representing approximately 566,800 underlying shares of YY. Below is a chart showing AA’s past twelve month trading history, with the $39.50 strike highlighted in orange:

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And Leggett & Platt, Inc. Options (Symbol: LEG) is showing a volume of 3,700 contracts so far today. This number of contracts represents approximately 370,000 underlying shares, or 42.3% of LEG’s average daily trading volume over the past month, or 875,645 shares. Particularly high volume was seen for the $30 strike put option expiring on January 20, 2023, with 2,012 contracts traded so far today, representing approximately 201,200 underlying shares of LEG. Below is a chart showing LEG’s trading history over the last twelve months, with the $30 strike highlighted in orange:

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For the different expirations available for PARA options, AA options or LEG options, visit StockOptionsChannel.com.

Most active call and put options on the S&P 500 today »

Also see:

• Top ten hedge funds holding ZGN
• Historical share prices of LGND
• ETF holding TRIB

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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