Notable Wednesday Option Activity: CVNA, SPCE, PRVL

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Carvana Co (NYSE:CVNA), where a total of 7,895 contracts have traded so far, representing approximately 789,500 underlying shares. That amounts to about 50.1% of CVNA's average daily trading volume over the past month of 1.6 million shares. Particularly high volume was seen for the $260 strike call option expiring February 19, 2021, with 1,015 contracts trading so far today, representing approximately 101,500 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $260 strike highlighted in orange:

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Today's Most Active Call & Put Options of the S&P 500 »

Virgin Galactic Holdings Inc (NYSE:SPCE) saw options trading volume of 74,610 contracts, representing approximately 7.5 million underlying shares or approximately 49.2% of SPCE's average daily trading volume over the past month, of 15.2 million shares. Particularly high volume was seen for the $33 strike call option expiring January 22, 2021, with 3,869 contracts trading so far today, representing approximately 386,900 underlying shares of SPCE. Below is a chart showing SPCE's trailing twelve month trading history, with the $33 strike highlighted in orange:

And Prevail Therapeutics Inc (PRVL) options are showing a volume of 2,002 contracts thus far today. That number of contracts represents approximately 200,200 underlying shares, working out to a sizeable 47.7% of PRVL's average daily trading volume over the past month, of 419,530 shares. Particularly high volume was seen for the $22.50 strike put option expiring July 16, 2021, with 825 contracts trading so far today, representing approximately 82,500 underlying shares of PRVL. Below is a chart showing PRVL's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

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