Noteworthy Thursday Option Activity: NKLA, COTY, ARCH
May 19, 2022 at 15:51 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nikola Corp (NKLA), where a total volume of 106,604 contracts has been traded thus far today, a contract volume which is representative of approximately 10.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.8% of NKLA's average daily trading volume over the past month, of 14.1 million shares..