Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lyft Inc (NASDAQ:LYFT), where a total volume of 33,511 contracts has been traded thus far today, a contract volume which is representative of approximately 3.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.5% of LYFT's average daily trading volume over the past month, of 4.6 million shares. Especially high volume was seen for the $47 strike call option expiring January 31, 2020, with 5,092 contracts trading so far today, representing approximately 509,200 underlying shares of LYFT. Below is a chart showing LYFT's trailing twelve month trading history, with the $47 strike highlighted in orange:
Innovative Industrial Properties Inc (NYSE:IIPR) saw options trading volume of 3,194 contracts, representing approximately 319,400 underlying shares or approximately 71.7% of IIPR's average daily trading volume over the past month, of 445,505 shares.
Especially high volume was seen for the $95 strike call option expiring February 21, 2020, with 524 contracts trading so far today, representing approximately 52,400 underlying shares of IIPR. Below is a chart showing IIPR's trailing twelve month trading history, with the $95 strike highlighted in orange:
And Impinj Inc (NASDAQ:PI) saw options trading volume of 2,879 contracts, representing approximately 287,900 underlying shares or approximately 64% of PI's average daily trading volume over the past month, of 450,035 shares.
Particularly high volume was seen for the $35 strike put option expiring April 17, 2020, with 1,544 contracts trading so far today, representing approximately 154,400 underlying shares of PI. Below is a chart showing PI's trailing twelve month trading history, with the $35 strike highlighted in orange:
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