Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adient plc (NYSE:ADNT), where a total volume of 8,760 contracts has been traded thus far today, a contract volume which is representative of approximately 876,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.7% of ADNT's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $17 strike put option expiring October 18, 2019, with 5,001 contracts trading so far today, representing approximately 500,100 underlying shares of ADNT. Below is a chart showing ADNT's trailing twelve month trading history, with the $17 strike highlighted in orange:
Cytokinetics Inc (NASDAQ:CYTK) saw options trading volume of 2,238 contracts, representing approximately 223,800 underlying shares or approximately 61.6% of CYTK's average daily trading volume over the past month, of 363,500 shares.
Especially high volume was seen for the $12 strike put option expiring September 20, 2019, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of CYTK. Below is a chart showing CYTK's trailing twelve month trading history, with the $12 strike highlighted in orange:
And Skyline Champion Corp (NYSE:SKY) options are showing a volume of 2,924 contracts thus far today. That number of contracts represents approximately 292,400 underlying shares, working out to a sizeable 61.2% of SKY's average daily trading volume over the past month, of 477,790 shares.
Especially high volume was seen for the $34 strike call option expiring December 20, 2019, with 1,301 contracts trading so far today, representing approximately 130,100 underlying shares of SKY. Below is a chart showing SKY's trailing twelve month trading history, with the $34 strike highlighted in orange:
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