Notable Friday Option Activity: UAL, ABNB, LULU
Nasdaq Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United Airlines Holdings Inc (Symbol: UAL), where a total volume of 76,547 contracts has been traded thus far today, a contract volume which is representative of approximately 7.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 129.5% of UAL's average daily trading volume over the past month, of 5.9 million shares. Especially high volume was seen for the $52.50 strike call option expiring July 21, 2023, with 11,374 contracts trading so far today, representing approximately 1.1 million underlying shares of UAL. Below is a chart showing UAL's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
