Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Herbalife Nutrition Ltd (NYSE:HLF), where a total volume of 5,886 contracts has been traded thus far today, a contract volume which is representative of approximately 588,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.6% of HLF's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $22.50 strike put option expiring January 21, 2022, with 1,500 contracts trading so far today, representing approximately 150,000 underlying shares of HLF. Below is a chart showing HLF's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
Gardner Denver Holdings Inc (NYSE:GDI) options are showing a volume of 7,019 contracts thus far today. That number of contracts represents approximately 701,900 underlying shares, working out to a sizeable 44.5% of GDI's average daily trading volume over the past month, of 1.6 million shares.
Especially high volume was seen for the $25 strike put option expiring November 15, 2019, with 4,955 contracts trading so far today, representing approximately 495,500 underlying shares of GDI. Below is a chart showing GDI's trailing twelve month trading history, with the $25 strike highlighted in orange:
And Taubman Centers Inc (NYSE:TCO) saw options trading volume of 2,671 contracts, representing approximately 267,100 underlying shares or approximately 44.2% of TCO's average daily trading volume over the past month, of 604,710 shares.
Especially high volume was seen for the $35 strike put option expiring November 15, 2019, with 2,506 contracts trading so far today, representing approximately 250,600 underlying shares of TCO. Below is a chart showing TCO's trailing twelve month trading history, with the $35 strike highlighted in orange:
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