Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Paycom Software Inc (NYSE:PAYC), where a total volume of 2,753 contracts has been traded thus far today, a contract volume which is representative of approximately 275,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.5% of PAYC's average daily trading volume over the past month, of 487,040 shares. Especially high volume was seen for the $270 strike call option expiring January 17, 2020, with 1,692 contracts trading so far today, representing approximately 169,200 underlying shares of PAYC. Below is a chart showing PAYC's trailing twelve month trading history, with the $270 strike highlighted in orange:
Las Vegas Sands Corp (NYSE:LVS) options are showing a volume of 17,494 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 53.1% of LVS's average daily trading volume over the past month, of 3.3 million shares.
Particularly high volume was seen for the $67.50 strike put option expiring January 17, 2020, with 1,514 contracts trading so far today, representing approximately 151,400 underlying shares of LVS. Below is a chart showing LVS's trailing twelve month trading history, with the $67.50 strike highlighted in orange:
And Cars.com Inc (NYSE:CARS) saw options trading volume of 3,670 contracts, representing approximately 367,000 underlying shares or approximately 51.9% of CARS's average daily trading volume over the past month, of 706,710 shares.
Particularly high volume was seen for the $12.50 strike put option expiring March 20, 2020, with 3,575 contracts trading so far today, representing approximately 357,500 underlying shares of CARS. Below is a chart showing CARS's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
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