Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in 2U Inc (NASDAQ:TWOU), where a total volume of 6,922 contracts has been traded thus far today, a contract volume which is representative of approximately 692,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 61% of TWOU's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $20 strike call option expiring November 15, 2019, with 3,543 contracts trading so far today, representing approximately 354,300 underlying shares of TWOU. Below is a chart showing TWOU's trailing twelve month trading history, with the $20 strike highlighted in orange:
Recro Pharma, Inc (NASDAQ:REPH) saw options trading volume of 1,336 contracts, representing approximately 133,600 underlying shares or approximately 59.9% of REPH's average daily trading volume over the past month, of 223,000 shares.
Particularly high volume was seen for the $12.50 strike put option expiring December 20, 2019, with 1,010 contracts trading so far today, representing approximately 101,000 underlying shares of REPH. Below is a chart showing REPH's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
And Renewable Energy Group, Inc. (NASDAQ:REGI) options are showing a volume of 3,486 contracts thus far today. That number of contracts represents approximately 348,600 underlying shares, working out to a sizeable 59.5% of REGI's average daily trading volume over the past month, of 585,840 shares.
Especially high volume was seen for the $20 strike call option expiring January 17, 2020, with 2,746 contracts trading so far today, representing approximately 274,600 underlying shares of REGI. Below is a chart showing REGI's trailing twelve month trading history, with the $20 strike highlighted in orange:
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