Noteworthy Monday Option Activity: AMD, ENVX, WSC

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By Ronald Tech

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Advanced Micro Devices Inc (Symbol: AMD), where a total volume of 505,234 contracts has been traded thus far today, a contract volume which is representative of approximately 50.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 147.9% of AMD’s average daily trading volume over the past month, of 34.2 million shares. Particularly high volume was seen for the $130 strike call option expiring December 20, 2024, with 25,906 contracts trading so far today, representing approximately 2.6 million underlying shares of AMD. Below is a chart showing AMD’s trailing twelve month trading history, with the $130 strike highlighted in orange:

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Enovix Corp (Symbol: ENVX) saw options trading volume of 55,591 contracts, representing approximately 5.6 million underlying shares or approximately 130.1% of ENVX’s average daily trading volume over the past month, of 4.3 million shares.
Particularly high volume was seen for the $9 strike call option expiring December 20, 2024, with 8,437 contracts trading so far today, representing approximately 843,700 underlying shares of ENVX. Below is a chart showing ENVX’s trailing twelve month trading history, with the $9 strike highlighted in orange:

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And WillScot Holdings Corp (Symbol: WSC) saw options trading volume of 28,553 contracts, representing approximately 2.9 million underlying shares or approximately 120.8% of WSC’s average daily trading volume over the past month, of 2.4 million shares.
Particularly high volume was seen for the $37.50 strike call option expiring April 17, 2025, with 10,369 contracts trading so far today, representing approximately 1.0 million underlying shares of WSC. Below is a chart showing WSC’s trailing twelve month trading history, with the $37.50 strike highlighted in orange:

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For the various different available expirations for AMD options, ENVX options, or WSC options, visit StockOptionsChannel.com.

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