Remarkable Wednesday optional activity: AMBA, UPST, ADBE


In terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at Ambarella, Inc. (Symbol: AMBA), where total volume of 6,466 contracts has been traded so far today, a volume of contracts that is representative of approximately 646,600 underlying shares (given that each contract represents 100 underlying shares). This number equates to 90.2% of AMBA’s average daily trading volume over the past month, or 717,155 shares. Particularly high volume was seen for the $90 strike call option expiring on January 20, 2023, with 3,967 contracts traded so far today, representing approximately 396,700 underlying shares of AMBA. Below is a chart showing AMBA’s last twelve months trading history, with the $90 strike highlighted in orange:


Upstart Holdings Inc (Symbol: UPST) recorded options trading volume of 33,921 contracts, representing approximately 3.4 million underlying shares or approximately 89.3% of UPST’s average daily trading volume at last month, or 3.8 million shares. Particularly high volume was seen for the $14.50 strike call option expiring on December 23, 2022, with 1,511 contracts traded so far today, representing approximately 151,100 underlying shares of UPST. Below is a chart showing UPST’s past twelve month trading history, with the $14.50 strike highlighted in orange:

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And Adobe Inc (Symbol: ADBE) recorded options trading volume of 29,254 contracts, representing approximately 2.9 million underlying shares, or approximately 86.6% of ADBE’s average daily trading volume in last month, or 3.4 million shares. Particularly high volume was seen for the $440 strike put option expiring on January 20, 2023, with 1,600 contracts traded so far today, representing around 160,000 of ADBE’s underlying shares. Below is a chart showing ADBE’s last twelve months trading history, with the $440 strike highlighted in orange:

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For the different expirations available for AMBA options, UPST options or ADBE options, visit StockOptionsChannel.com.

The most active call and put options on the S&P 500 today »

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