SPPI January 2020 Options Begin Trading Thursday, September 12, 11:11 AM ET, by Market News Video Staff Investors in Spectrum Pharmaceuticals Inc (SPPI) saw new options begin trading today, for the January ...
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Spectrum Pharmaceuticals Inc (NASDAQ:SPPI), where a total volume of 4,058 contracts has been traded thus far today, a contract volume which is representative of approximately 405,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61.9% of SPPI's average daily trading volume over the past month, of 655,265 shares. Especially high volume was seen for the $8 strike put option expiring November 15, 2019, with 2,001 contracts trading so far today, representing approximately 200,100 underlying shares of SPPI. Below is a chart showing SPPI's trailing twelve month trading history, with the $8 strike highlighted in orange:
U.S. Physical Therapy, Inc. (NYSE:USPH) saw options trading volume of 550 contracts, representing approximately 55,000 underlying shares or approximately 60.4% of USPH's average daily trading volume over the past month, of 91,025 shares.
Especially high volume was seen for the $100 strike put option expiring December 20, 2019, with 380 contracts trading so far today, representing approximately 38,000 underlying shares of USPH. Below is a chart showing USPH's trailing twelve month trading history, with the $100 strike highlighted in orange:
And Elanco Animal Health Inc (NYSE:ELAN) options are showing a volume of 14,912 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 60% of ELAN's average daily trading volume over the past month, of 2.5 million shares.
Especially high volume was seen for the $27 strike put option expiring November 15, 2019, with 7,004 contracts trading so far today, representing approximately 700,400 underlying shares of ELAN. Below is a chart showing ELAN's trailing twelve month trading history, with the $27 strike highlighted in orange:
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