Notable Friday Option Activity: MU, NOC, STAA

AAmong the underlying constituents of the Russell 3000 Index, today we saw remarkable options trading volume on Micron Technology Inc. (Symbol: MU), where a total of 109,446 contracts were traded so far. now representing approximately 10.9 million underlying shares. This equates to about 50.9% of MU’s average daily trading volume over the past month of 21.5 million shares. Particularly high volume was seen for the $60 strike call option expiring on July 8, 2022, with 8,578 contracts traded so far today, representing approximately 857,800 underlying shares of MU. Below is a chart showing MU’s trading history over the last twelve months, with the $60 strike highlighted in orange:

Northrop Grumman Corp (Symbol: NOC) recorded options trading volume of 4,384 contracts, representing approximately 438,400 underlying stocks or approximately 50.7% of NOC’s average daily trading volume over the past month, i.e. 864,465 shares. Particularly high volume was seen for the $470 strike call option expiring July 15, 2022, with 426 contracts traded so far today, representing approximately 42,600 underlying NOC shares. Below is a chart showing NOC’s past twelve month trading history, with the $470 strike highlighted in orange:

And Staar Surgical Co. (ticker: STAA) options have 2,369 contracts to date. This number of contracts represents approximately 236,900 underlying shares, or 49.4% of STAA’s average daily trading volume over the past month, or 479,085 shares. Particularly high volume was seen for the $85 strike call option expiring on August 19, 2022, with 1,107 contracts traded so far today, representing approximately 110,700 underlying shares of STAA. Below is a chart showing STAA’s last twelve month trading history, with the $85 strike highlighted in orange:

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