Notable Thursday Option Activity: AAP, GOOG, MU

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Advance Auto Parts Inc (Symbol: AAP), where a total volume of 16,113 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.1% of AAP's average daily trading volume over the past month, of 2.6 million shares. Especially high volume was seen for the $40 strike call option expiring March 28, 2025, with 1,748 contracts trading so far today, representing approximately 174,800 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $40 strike highlighted in orange:

Alphabet Inc (Symbol: GOOG) saw options trading volume of 110,800 contracts, representing approximately 11.1 million underlying shares or approximately 49.9% of GOOG's average daily trading volume over the past month, of 22.2 million shares. Particularly high volume was seen for the $167.50 strike call option expiring March 28, 2025, with 8,931 contracts trading so far today, representing approximately 893,100 underlying shares of GOOG. Below is a chart showing GOOG's trailing twelve month trading history, with the $167.50 strike highlighted in orange:

And Micron Technology Inc. (Symbol: MU) saw options trading volume of 120,060 contracts, representing approximately 12.0 million underlying shares or approximately 49.8% of MU's average daily trading volume over the past month, of 24.1 million shares. Particularly high volume was seen for the $90 strike put option expiring March 28, 2025, with 6,319 contracts trading so far today, representing approximately 631,900 underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $90 strike highlighted in orange:

For the various different available expirations for AAP options, GOOG options, or MU options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:

• Cheap Healthcare Shares
• FLGC YTD Return
• Institutional Holders of AFOP

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