Notable Friday Option Activity: WDAY, FL, NOW

AAmong the underlying constituents of the Russell 3000 Index, we saw remarkable options trading volume today at Workday Inc (ticker: WDAY), where a total of 9,920 contracts have been traded so far. , representing approximately 992,000 underlying shares. This equates to about 45% of WDAY’s average daily trading volume over the past month of 2.2 million shares. Particularly high volume was seen for the $170 strike put option expiring on August 12, 2022, with 516 contracts traded so far today, representing approximately 51,600 underlying WDAY shares. Below is a chart showing WDAY’s trading history over the past twelve months, with the $170 strike highlighted in orange:
Foot Locker, Inc. Options (Symbol: FL) is showing volume of 8,109 contracts so far today. This number of contracts represents approximately 810,900 underlying shares, or 44.7% of FL’s average daily trading volume over the past month, or 1.8 million shares. Particularly high volume was seen for the $22.50 strike put option expiring August 19, 2022, with 3,200 contracts traded so far today, representing approximately 320,000 underlying shares of FL . Below is a chart showing FL’s past twelve month trading history, with the $22.50 strike highlighted in orange:

And ServiceNow Inc (Symbol: NOW) options have a volume of 8,432 contracts to date. This number of contracts represents approximately 843,200 underlying stocks, or 44.7% of NOW’s average daily trading volume over the past month, or 1.9 million shares. Particularly high volume was seen for the $505 strike call option expiring on August 12, 2022, with 1,129 contracts traded so far today, representing approximately 112,900 underlying NOW shares. Below is a chart showing NOW’s trading history over the past twelve months, with the $505 strike highlighted in orange:

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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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