Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eldorado Resorts Inc (NASDAQ:ERI), where a total volume of 11,788 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 88.3% of ERI's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $60 strike call option expiring January 17, 2020, with 8,364 contracts trading so far today, representing approximately 836,400 underlying shares of ERI. Below is a chart showing ERI's trailing twelve month trading history, with the $60 strike highlighted in orange:
Alcoa Corporation (NYSE:AA) options are showing a volume of 33,359 contracts thus far today. That number of contracts represents approximately 3.3 million underlying shares, working out to a sizeable 85.2% of AA's average daily trading volume over the past month, of 3.9 million shares.
Especially high volume was seen for the $18 strike put option expiring February 21, 2020, with 4,085 contracts trading so far today, representing approximately 408,500 underlying shares of AA. Below is a chart showing AA's trailing twelve month trading history, with the $18 strike highlighted in orange:
And Casey's General Stores, Inc. (NASDAQ:CASY) options are showing a volume of 2,814 contracts thus far today. That number of contracts represents approximately 281,400 underlying shares, working out to a sizeable 85.1% of CASY's average daily trading volume over the past month, of 330,790 shares.
Particularly high volume was seen for the $155 strike put option expiring March 20, 2020, with 1,503 contracts trading so far today, representing approximately 150,300 underlying shares of CASY. Below is a chart showing CASY's trailing twelve month trading history, with the $155 strike highlighted in orange:
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