Noteworthy Friday Option Activity: SCHN, QCOM, NTGRBy The Online Investor Staff, Friday, July 1, 3:40 PM ETLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Schnitzer Steel Industries Inc (NASDAQ:SCHN), where a total volume of 2,918 contracts has been traded thus far today, a contract volume which is representative of approximately 291,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 90.6% of SCHN's average daily trading volume over the past month, of 322,150 shares. Especially high volume was seen for the $35 strike call option expiring August 19, 2022, with 2,749 contracts trading so far today, representing approximately 274,900 underlying shares of SCHN. Below is a chart showing SCHN's trailing twelve month trading history, with the $35 strike highlighted in orange:
Qualcomm Inc (NASDAQ:QCOM) options are showing a volume of 86,849 contracts thus far today. That number of contracts represents approximately 8.7 million underlying shares, working out to a sizeable 85.1% of QCOM's average daily trading volume over the past month, of 10.2 million shares. Especially high volume was seen for the $165 strike call option expiring October 21, 2022, with 8,433 contracts trading so far today, representing approximately 843,300 underlying shares of QCOM. Below is a chart showing QCOM's trailing twelve month trading history, with the $165 strike highlighted in orange:
And Netgear Inc (NASDAQ:NTGR) options are showing a volume of 1,452 contracts thus far today. That number of contracts represents approximately 145,200 underlying shares, working out to a sizeable 79.3% of NTGR's average daily trading volume over the past month, of 183,065 shares. Particularly high volume was seen for the $20 strike call option expiring August 19, 2022, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NTGR. Below is a chart showing NTGR's trailing twelve month trading history, with the $20 strike highlighted in orange:
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