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Noteworthy Tuesday Option Activity: CUTR, ILMN, EVER

By Preferred Stock Channel Staff, Tuesday, May 9, 3:37 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cutera Inc (NASDAQ:CUTR), where a total volume of 4,885 contracts has been traded thus far today, a contract volume which is representative of approximately 488,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.5% of CUTR's average daily trading volume over the past month, of 966,525 shares. Especially high volume was seen for the $22.50 strike put option expiring May 19, 2023, with 1,702 contracts trading so far today, representing approximately 170,200 underlying shares of CUTR. Below is a chart showing CUTR's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

Illumina Inc (NASDAQ:ILMN) options are showing a volume of 5,224 contracts thus far today. That number of contracts represents approximately 522,400 underlying shares, working out to a sizeable 50.4% of ILMN's average daily trading volume over the past month, of 1.0 million shares. Especially high volume was seen for the $205 strike call option expiring May 19, 2023, with 1,357 contracts trading so far today, representing approximately 135,700 underlying shares of ILMN. Below is a chart showing ILMN's trailing twelve month trading history, with the $205 strike highlighted in orange:

And EverQuote Inc (NASDAQ:EVER) options are showing a volume of 3,268 contracts thus far today. That number of contracts represents approximately 326,800 underlying shares, working out to a sizeable 49.9% of EVER's average daily trading volume over the past month, of 654,330 shares. Particularly high volume was seen for the $5 strike call option expiring May 19, 2023, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of EVER. Below is a chart showing EVER's trailing twelve month trading history, with the $5 strike highlighted in orange:

For the various different available expirations for CUTR options, ILMN options, or EVER options, visit StockOptionsChannel.com.

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