Notable Friday Option Activity: LAW, WKHS, APPN - Nasdaq

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in CS Disco Inc (Symbol: LAW), where a total volume of 2,041 contracts has been traded thus far today, a contract volume which is representative of approximately 204,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 91.3% of LAW's average daily trading volume over the past month, of 223,540 shares. Particularly high volume was seen for the $50 strike put option expiring November 19, 2021, with 1,475 contracts trading so far today, representing approximately 147,500 underlying shares of LAW. Below is a chart showing LAW's trailing twelve month trading history, with the $50 strike highlighted in orange:

Workhorse Group Inc (Symbol: WKHS) options are showing a volume of 89,629 contracts thus far today. That number of contracts represents approximately 9.0 million underlying shares, working out to a sizeable 90.8% of WKHS's average daily trading volume over the past month, of 9.9 million shares. Particularly high volume was seen for the $6.50 strike put option expiring November 05, 2021, with 8,661 contracts trading so far today, representing approximately 866,100 underlying shares of WKHS. Below is a chart showing WKHS's trailing twelve month trading history, with the $6.50 strike highlighted in orange:

And Appian Corp (Symbol: APPN) saw options trading volume of 3,626 contracts, representing approximately 362,600 underlying shares or approximately 90.8% of APPN's average daily trading volume over the past month, of 399,230 shares. Particularly high volume was seen for the $75 strike put option expiring November 19, 2021, with 348 contracts trading so far today, representing approximately 34,800 underlying shares of APPN. Below is a chart showing APPN's trailing twelve month trading history, with the $75 strike highlighted in orange:

For the various different available expirations for LAW options, WKHS options, or APPN options, visit StockOptionsChannel.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

source: https://www.nasdaq.com/articles/notable-friday-option-activity%3A-law-wkhs-appn-2021-11-05

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