The Online Investor

Noteworthy Friday Option Activity: WDC, EDIT, CRMD

By The Online Investor Staff, Friday, May 14, 3:35 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Western Digital Corp (NASDAQ:WDC), where a total volume of 36,942 contracts has been traded thus far today, a contract volume which is representative of approximately 3.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82% of WDC's average daily trading volume over the past month, of 4.5 million shares. Especially high volume was seen for the $80 strike call option expiring June 18, 2021, with 3,203 contracts trading so far today, representing approximately 320,300 underlying shares of WDC. Below is a chart showing WDC's trailing twelve month trading history, with the $80 strike highlighted in orange:

Editas Medicine Inc (NASDAQ:EDIT) options are showing a volume of 11,452 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 76.5% of EDIT's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $39 strike call option expiring May 28, 2021, with 4,459 contracts trading so far today, representing approximately 445,900 underlying shares of EDIT. Below is a chart showing EDIT's trailing twelve month trading history, with the $39 strike highlighted in orange:

And CorMedix Inc (NASDAQ:CRMD) saw options trading volume of 2,359 contracts, representing approximately 235,900 underlying shares or approximately 73.9% of CRMD's average daily trading volume over the past month, of 319,020 shares. Especially high volume was seen for the $17 strike call option expiring September 17, 2021, with 196 contracts trading so far today, representing approximately 19,600 underlying shares of CRMD. Below is a chart showing CRMD's trailing twelve month trading history, with the $17 strike highlighted in orange:

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