Notable Tuesday Options Activity: WWE, BG, GME (April 1, 2023)

Looking at options trading activity among the constituents of the Russell 3000 Index, there is notable activity today in World Wrestling Entertainment Inc. (symbol: WWE), where a total of 39,926 contracts have been traded to date, a contract volume that is representative of approximately 4.0 million. underlying shares (given that each 1 contract represents 100 underlying shares). This number represents 493.2% of WWE’s average daily trading volume over the past month of 809,490 shares. particularly high amounts were observed for $100 strike call option expires on April 21, 2023, with 9,373 contracts trading to date, representing approximately 937,300 underlying shares of WWE. Below is a chart showing the twelve month trading history of WWE, with the $100 strike highlighted in orange:

Bunge Limited (Symbol: BG) options are showing a day-to-date volume of 16,241 contracts. That number of contracts represents roughly 1.6 million underlying shares, which equates to 165.1% of BG’s average daily trading volume of 983,930 shares over the past month. particularly high amounts were observed for $105 strike call option expires March 17, 2023, is trading with 3,197 contracts traded to date, representing approximately 319,700 underlying shares of BG. Below is a chart showing BG’s trading history over the past twelve months, with the $105 strike highlighted in orange:

And GameStop Corp (symbol: GME) saw options trading volume of 37,958 contracts, representing about 3.8 million underlying shares, or about 120.6% of GME’s average daily trading volume over the past month, of 3.1 million shares. particularly high amounts were observed for $16 strike put option expires March 17, 2023, with 2,899 contracts trading to date, representing approximately 289,900 underlying shares of GME. Below is a chart showing the last twelve months trading history of GME, with the $16 strike highlighted in orange: