Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tribune Publishing Co (NASDAQ:TPCO), where a total volume of 20,044 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 1952.9% of TPCO's average daily trading volume over the past month, of 102,635 shares. Especially high volume was seen for the $2.50 strike call option expiring June 21, 2019, with 10,000 contracts trading so far today, representing approximately 1.0 million underlying shares of TPCO. Below is a chart showing TPCO's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
Casey's General Stores, Inc. (NASDAQ:CASY) saw options trading volume of 4,468 contracts, representing approximately 446,800 underlying shares or approximately 196.1% of CASY's average daily trading volume over the past month, of 227,785 shares.
Particularly high volume was seen for the $155 strike call option expiring June 21, 2019, with 1,263 contracts trading so far today, representing approximately 126,300 underlying shares of CASY. Below is a chart showing CASY's trailing twelve month trading history, with the $155 strike highlighted in orange:
And Southwestern Energy Company (NYSE:SWN) saw options trading volume of 272,410 contracts, representing approximately 27.2 million underlying shares or approximately 182% of SWN's average daily trading volume over the past month, of 15.0 million shares.
Particularly high volume was seen for the $3 strike put option expiring September 20, 2019, with 113,378 contracts trading so far today, representing approximately 11.3 million underlying shares of SWN. Below is a chart showing SWN's trailing twelve month trading history, with the $3 strike highlighted in orange:
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