Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Stamps.com Inc. (NASDAQ:STMP), where a total volume of 2,466 contracts has been traded thus far today, a contract volume which is representative of approximately 246,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.2% of STMP's average daily trading volume over the past month, of 557,875 shares. Particularly high volume was seen for the $45 strike put option expiring November 29, 2019, with 750 contracts trading so far today, representing approximately 75,000 underlying shares of STMP. Below is a chart showing STMP's trailing twelve month trading history, with the $45 strike highlighted in orange:
Spectrum Brands Holdings Inc (NYSE:SPB) saw options trading volume of 2,018 contracts, representing approximately 201,800 underlying shares or approximately 43.6% of SPB's average daily trading volume over the past month, of 462,860 shares.
Particularly high volume was seen for the $50 strike call option expiring November 15, 2019, with 625 contracts trading so far today, representing approximately 62,500 underlying shares of SPB. Below is a chart showing SPB's trailing twelve month trading history, with the $50 strike highlighted in orange:
And Workday Inc (NASDAQ:WDAY) saw options trading volume of 9,653 contracts, representing approximately 965,300 underlying shares or approximately 43.6% of WDAY's average daily trading volume over the past month, of 2.2 million shares.
Especially high volume was seen for the $195 strike call option expiring December 20, 2019, with 3,274 contracts trading so far today, representing approximately 327,400 underlying shares of WDAY. Below is a chart showing WDAY's trailing twelve month trading history, with the $195 strike highlighted in orange:
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