Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in ViewRay Inc (NASDAQ:VRAY), where a total volume of 6,309 contracts has been traded thus far today, a contract volume which is representative of approximately 630,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 78.6% of VRAY's average daily trading volume over the past month, of 802,465 shares. Particularly high volume was seen for the $7 strike put option expiring September 20, 2019, with 6,095 contracts trading so far today, representing approximately 609,500 underlying shares of VRAY. Below is a chart showing VRAY's trailing twelve month trading history, with the $7 strike highlighted in orange:
Titan Machinery, Inc. (NASDAQ:TITN) saw options trading volume of 1,737 contracts, representing approximately 173,700 underlying shares or approximately 77.6% of TITN's average daily trading volume over the past month, of 223,925 shares.
Particularly high volume was seen for the $17.50 strike call option expiring July 19, 2019, with 1,485 contracts trading so far today, representing approximately 148,500 underlying shares of TITN. Below is a chart showing TITN's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
And Merck & Co Inc (NYSE:MRK) options are showing a volume of 86,542 contracts thus far today. That number of contracts represents approximately 8.7 million underlying shares, working out to a sizeable 76.6% of MRK's average daily trading volume over the past month, of 11.3 million shares.
Especially high volume was seen for the $80 strike put option expiring July 19, 2019, with 5,087 contracts trading so far today, representing approximately 508,700 underlying shares of MRK. Below is a chart showing MRK's trailing twelve month trading history, with the $80 strike highlighted in orange:
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