Notable Wednesday Option Activity: UNH, PZZA, COUP


Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UnitedHealth Group Inc (Symbol: UNH), where a total volume of 17,481 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.7% of UNH’s average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $390 strike put option expiring October 15, 2021, with 1,496 contracts trading so far today, representing approximately 149,600 underlying shares of UNH. Below is a chart showing UNH’s trailing twelve month trading history, with the $390 strike highlighted in orange:

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Papa John’s International, Inc. (Symbol: PZZA) options are showing a volume of 1,715 contracts thus far today. That number of contracts represents approximately 171,500 underlying shares, working out to a sizeable 59.9% of PZZA’s average daily trading volume over the past month, of 286,470 shares.
Particularly high volume was seen for the $105 strike put option expiring November 05, 2021, with 1,050 contracts trading so far today, representing approximately 105,000 underlying shares of PZZA. Below is a chart showing PZZA’s trailing twelve month trading history, with the $105 strike highlighted in orange:

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And Coupa Software Inc (Symbol: COUP) saw options trading volume of 5,990 contracts, representing approximately 599,000 underlying shares or approximately 59% of COUP’s average daily trading volume over the past month, of 1.0 million shares.
Particularly high volume was seen for the $235 strike put option expiring October 15, 2021, with 825 contracts trading so far today, representing approximately 82,500 underlying shares of COUP. Below is a chart showing COUP’s trailing twelve month trading history, with the $235 strike highlighted in orange:

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For the various different available expirations for UNH options, PZZA options, or COUP options, visit StockOptionsChannel.com.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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