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Notable Tuesday Option Activity: NBR, IGT, TFC

By Preferred Stock Channel Staff, Tuesday, January 30, 3:34 PM ET

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Nabors Industries Ltd (NYSE:NBR), where a total volume of 1,297 contracts has been traded thus far today, a contract volume which is representative of approximately 129,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.5% of NBR's average daily trading volume over the past month, of 247,025 shares. Especially high volume was seen for the $65 strike put option expiring April 19, 2024, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of NBR. Below is a chart showing NBR's trailing twelve month trading history, with the $65 strike highlighted in orange:

International Game Technology PLC (NYSE:IGT) saw options trading volume of 4,637 contracts, representing approximately 463,700 underlying shares or approximately 52.5% of IGT's average daily trading volume over the past month, of 883,675 shares. Particularly high volume was seen for the $25 strike put option expiring February 16, 2024, with 2,254 contracts trading so far today, representing approximately 225,400 underlying shares of IGT. Below is a chart showing IGT's trailing twelve month trading history, with the $25 strike highlighted in orange:

And Truist Financial Corp (NYSE:TFC) saw options trading volume of 48,287 contracts, representing approximately 4.8 million underlying shares or approximately 50.2% of TFC's average daily trading volume over the past month, of 9.6 million shares. Especially high volume was seen for the $37.50 strike put option expiring February 16, 2024, with 14,179 contracts trading so far today, representing approximately 1.4 million underlying shares of TFC. Below is a chart showing TFC's trailing twelve month trading history, with the $37.50 strike highlighted in orange:

For the various different available expirations for NBR options, IGT options, or TFC options, visit StockOptionsChannel.com.


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