Noteworthy Monday Option Activity: LAZ, IRDM, CVNA

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Lazard (LAZ), where a total of 2,881 contracts have traded so far, representing approximately 288,100 underlying shares. That amounts to about 42.9% of LAZ's average daily trading volume over the past month of 671,660 shares. Particularly high volume was seen for the $50 strike call option expiring September 15, 2017, with 1,835 contracts trading so far today, representing approximately 183,500 underlying shares of LAZ. Below is a chart showing LAZ's trailing twelve month trading history, with the $50 strike highlighted in orange:

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Iridium Communications Inc ( IRDM) options are showing a volume of 2,997 contracts thus far today. That number of contracts represents approximately 299,700 underlying shares, working out to a sizeable 42.9% of IRDM's average daily trading volume over the past month, of 697,920 shares. Especially high volume was seen for the $11 strike call option expiring October 20, 2017, with 2,930 contracts trading so far today, representing approximately 293,000 underlying shares of IRDM. Below is a chart showing IRDM's trailing twelve month trading history, with the $11 strike highlighted in orange:

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And Carvana Co ( CVNA) saw options trading volume of 2,795 contracts, representing approximately 279,500 underlying shares or approximately 42.5% of CVNA's average daily trading volume over the past month, of 657,280 shares. Particularly high volume was seen for the $22.50 strike call option expiring August 18, 2017, with 2,163 contracts trading so far today, representing approximately 216,300 underlying shares of CVNA. Below is a chart showing CVNA's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

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For the various different available expirations for LAZ options, IRDM options, or CVNA options, visit StockOptionsChannel.com.

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