Remarkable Tuesday optional activity: CROX, SQ, MSFT

Yara SamDecember 28, 2022

In terms of options trading activity among the constituents of the Russell 3000 Index, there was notable activity today at Crocs Inc (Ticker: CROX), where a total volume of 6,462 contracts was traded. traded so far today, a volume of contracts that is representative of approximately 646,200 underlying stocks (given that each contract represents 100 underlying stocks). This number equates to 46% of CROX’s average daily trading volume over the past month, or 1.4 million shares. Particularly high volume was seen for the $110 strike call option expiring March 17, 2023, with 1,171 contracts traded so far today, representing approximately 117,100 underlying CROX shares. Below is a chart showing CROX’s trading history over the past twelve months, with the $110 strike highlighted in orange:

Block Inc Options (Symbol: SQ) is showing a volume of 45,882 contracts so far today. This number of contracts represents approximately 4.6 million underlying shares, or 45.9% of SQ’s average daily trading volume over the past month, or 10.0 million shares. Particularly high volume was seen for the $60 strike put option expiring on December 30, 2022, with 2,143 contracts traded so far today, representing approximately 214,300 underlying SQ shares. Below is a chart showing SQ’s trading history over the last twelve months, with the $60 strike highlighted in orange:

And the options of Microsoft Corporation (symbol: MSFT) show a volume of 138,512 contracts to date. This number of contracts represents approximately 13.9 million underlying shares, or 45.7% of MSFT’s average daily trading volume over the past month, or 30.3 million shares. Particularly high volume was seen for the $235 strike put option expiring on December 30, 2022, with 6,134 contracts traded so far today, representing approximately 613,400 underlying shares of MSFT. Below is a chart showing MSFT’s trading history over the last twelve months, with the $235 strike highlighted in orange: