Notable Friday Option Activity: SI, AMR, IGT

Among the underlying constituents of the Russell 3000 Index, today we saw remarkable options trading volume on Silvergate Capital Corp (ticker: SI), where a total of 93,607 contracts were traded up to present, representing approximately 9.4 million underlying shares. This equates to about 68.8% of SI’s average daily trading volume over the past month of 13.6 million shares. Particularly high volume was seen for the $11.50 strike put option expiring on February 24, 2023, with 7,704 contracts traded so far today, representing approximately 770,400 underlying shares of SI . Below is a chart showing SI’s trading history over the last twelve months, with the $11.50 strike highlighted in orange:

Alpha Metallurgical Resources Inc (Symbol: AMR) options are showing a volume of 1,385 contracts so far today. This number of contracts represents approximately 138,500 underlying shares, or 66.6% of AMR’s average daily trading volume over the past month, or 208,015 shares. Particularly high volume was seen for the $155 strike put option expiring March 17, 2023, with 307 contracts traded so far today, representing approximately 30,700 underlying shares of AMR. Below is a chart showing AMR’s trading history over the last twelve months, with the $155 strike highlighted in orange:

And International Game Technology PLC (ticker: IGT) recorded options trading volume of 5,987 contracts, representing approximately 598,700 underlying shares or approximately 64.6% of IGT’s average daily trading volume during the last month, or 926,295 shares. Particularly high volume was seen for the $25 strike put option expiring on April 21, 2023, with 5,000 contracts traded so far today, representing approximately 500,000 underlying IGT shares. Below is a chart showing IGT’s trading history over the past twelve months, with the $25 strike highlighted in orange: