choices buying and selling exercise amongst elements of the Russell 3000 index, there may be noteworthy exercise as we speak in Rivian Automotive Inc (Image: RIVN), the place a complete quantity of 106,419 contracts has been traded to date as we speak, a contract quantity which is consultant of roughly 10.6 million underlying shares (given that each 1 contract represents 100 underlying shares). That quantity works out to 45.1% of RIVN’s common each day buying and selling quantity over the previous month, of 23.6 million shares. Notably excessive quantity was seen for the $16 strike put option expiring January 13, 2023, with 6,317 contracts buying and selling to date as we speak, representing roughly 631,700 underlying shares of RIVN. Under is a chart exhibiting RIVN’s trailing twelve month buying and selling historical past, with the $16 strike highlighted in orange:

Texas Devices Inc. (Image: TXN) noticed choices buying and selling quantity of twenty-two,338 contracts, representing roughly 2.2 million underlying shares or roughly 44.4% of TXN’s common each day buying and selling quantity over the previous month, of 5.0 million shares.
Particularly excessive quantity was seen for the $177.50 strike put option expiring January 13, 2023, with 6,991 contracts buying and selling to date as we speak, representing roughly 699,100 underlying shares of TXN. Under is a chart exhibiting TXN’s trailing twelve month buying and selling historical past, with the $177.50 strike highlighted in orange:

And Group 1 Automotive, Inc. (Image: GPI) choices are exhibiting a quantity of 1,108 contracts to date as we speak. That variety of contracts represents roughly 110,800 underlying shares, figuring out to a sizeable 44.2% of GPI’s common each day buying and selling quantity over the previous month, of 250,890 shares.
Particularly excessive quantity was seen for the $210 strike call option expiring February 17, 2023, with 802 contracts buying and selling to date as we speak, representing roughly 80,200 underlying shares of GPI. Under is a chart exhibiting GPI’s trailing twelve month buying and selling historical past, with the $210 strike highlighted in orange:

For the varied totally different accessible expirations for RIVN options, TXN options, or GPI options, go to StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.