Notable Wednesday Option Activity: ALGM, SPOT, AAPL
July 24, 2024 at 15:32 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Allegro MicroSystems Inc (ALGM), where a total volume of 26,942 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 200% of ALGM's average daily trading volume over the past month, of 1.3 million shares..