Notable Thursday Option Activity: AAL, RCL, LLY
Nasdaq Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 99,478 contracts has been traded thus far today, a contract volume which is representative of approximately 9.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of AAL's average daily trading volume over the past month, of 22.8 million shares. Especially high volume was seen for the $17 strike call option expiring July 21, 2023, with 10,681 contracts trading so far today, representing approximately 1.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $17 strike highlighted in orange:
