Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cabela's Inc (CAB), where a total volume of 13,078 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 245.5% of CAB's average daily trading volume over the past month, of 532,775 shares. Especially high volume was seen for the $60 strike call option expiring October 20, 2017, with 5,766 contracts trading so far today, representing approximately 576,600 underlying shares of CAB. Below is a chart showing CAB's trailing twelve month trading history, with the $60 strike highlighted in orange:
Lyon (William) Homes (NYSE:WLH) saw options trading volume of 2,700 contracts, representing approximately 270,000 underlying shares or approximately 110.1% of WLH's average daily trading volume over the past month, of 245,245 shares.
Particularly high volume was seen for the $25 strike call option expiring November 17, 2017, with 1,350 contracts trading so far today, representing approximately 135,000 underlying shares of WLH. Below is a chart showing WLH's trailing twelve month trading history, with the $25 strike highlighted in orange:
And GoPro Inc (NASDAQ:GPRO) options are showing a volume of 37,105 contracts thus far today. That number of contracts represents approximately 3.7 million underlying shares, working out to a sizeable 101.7% of GPRO's average daily trading volume over the past month, of 3.6 million shares.
Particularly high volume was seen for the $11 strike put option expiring January 19, 2018, with 4,773 contracts trading so far today, representing approximately 477,300 underlying shares of GPRO. Below is a chart showing GPRO's trailing twelve month trading history, with the $11 strike highlighted in orange:
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