Notable Thursday Option Activity: COOP, STNG, MTN
Nasdaq Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Mr Cooper Group Inc (Symbol: COOP), where a total of 2,804 contracts have traded so far, representing approximately 280,400 underlying shares. That amounts to about 50.8% of COOP's average daily trading volume over the past month of 551,635 shares. Especially high volume was seen for the $50 strike call option expiring July 21, 2023, with 1,013 contracts trading so far today, representing approximately 101,300 underlying shares of COOP. Below is a chart showing COOP's trailing twelve month trading history, with the $50 strike highlighted in orange:
Scorpio Tankers Inc (Symbol: STNG) saw options trading volume of 5,255 contracts, representing approximately 525,500 underlying shares or approximately 48.8% of STNG's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $47 strike call option expiring January 17, 2025, with 600 contracts trading so far today, representing approximately 60,000 underlying shares of STNG. Below is a chart showing STNG's trailing twelve month trading history, with the $47 strike highlighted in orange:
