Notable Monday Option Activity: MSTR, WYNN, AXSM

Among the underlying constituents of the Russell 3000 Index, today we saw remarkable options trading volume on MicroStrategy Inc. (Symbol: MSTR), where a total of 26,930 contracts were traded up to present, representing approximately 2.7 million underlying shares. This equates to approximately 295.9% of MSTR’s average daily trading volume over the past month of 910,185 shares. Particularly high volume was seen for the $150 strike put option expiring on December 2, 2022, with 2,058 contracts traded so far today, representing approximately 205,800 underlying shares of MSTR. Below is a chart showing MSTR’s trading history over the last twelve months, with the $150 strike highlighted in orange:

Wynn Resorts Ltd (ticker: WYNN) options show a volume of 54,733 contracts to date. This number of contracts represents approximately 5.5 million underlying shares, or 138.5% of WYNN’s average daily trading volume over the past month, or 4.0 million shares. Particularly high volume was seen for the $80 strike call option expiring on December 2, 2022, with 9,463 contracts traded so far today, representing approximately 946,300 underlying WYNN shares. Below is a chart showing WYNN’s trading history over the last twelve months, with the $80 strike highlighted in orange:

And Axsome Therapeutics Inc (Symbol: AXSM) recorded options trading volume of 19,844 contracts, representing approximately 2.0 million underlying shares, or approximately 136.5% of the average daily trading volume of AXSM over the past month, or 1.5 million shares. Particularly high volume was seen for the $100 strike call option expiring on December 16, 2022, with 1,941 contracts traded so far today, representing approximately 194,100 underlying AXSM shares. Below is a chart showing AXSM’s trading history over the last twelve months, with the $100 strike highlighted in orange:

For the different expirations available for MSTR options, WYNN options or AXSM options, visit StockOptionsChannel.com.

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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.