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Notable Wednesday Option Activity: SEER, SCCO, CHGG

By Metals Channel Staff, Wednesday, January 18, 3:22 PM ET
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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Seer Inc (NASDAQ:SEER), where a total of 5,052 contracts have traded so far, representing approximately 505,200 underlying shares. That amounts to about 117.3% of SEER's average daily trading volume over the past month of 430,605 shares. Particularly high volume was seen for the $7.50 strike put option expiring January 20, 2023, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of SEER. Below is a chart showing SEER's trailing twelve month trading history, with the $7.50 strike highlighted in orange:

Southern Copper Corp (NYSE:SCCO) options are showing a volume of 15,531 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 113.3% of SCCO's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $85 strike call option expiring February 17, 2023, with 6,016 contracts trading so far today, representing approximately 601,600 underlying shares of SCCO. Below is a chart showing SCCO's trailing twelve month trading history, with the $85 strike highlighted in orange:

And Chegg Inc (NYSE:CHGG) options are showing a volume of 13,274 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 96.9% of CHGG's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $22.50 strike put option expiring January 20, 2023, with 2,437 contracts trading so far today, representing approximately 243,700 underlying shares of CHGG. Below is a chart showing CHGG's trailing twelve month trading history, with the $22.50 strike highlighted in orange:

For the various different available expirations for SEER options, SCCO options, or CHGG options, visit StockOptionsChannel.com.


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