Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in K12 Inc (NYSE:LRN), where a total volume of 2,388 contracts has been traded thus far today, a contract volume which is representative of approximately 238,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.4% of LRN's average daily trading volume over the past month, of 402,020 shares. Particularly high volume was seen for the $17 strike put option expiring April 17, 2020, with 1,143 contracts trading so far today, representing approximately 114,300 underlying shares of LRN. Below is a chart showing LRN's trailing twelve month trading history, with the $17 strike highlighted in orange:
Cleveland-Cliffs Inc (NYSE:CLF) saw options trading volume of 54,928 contracts, representing approximately 5.5 million underlying shares or approximately 58.1% of CLF's average daily trading volume over the past month, of 9.4 million shares.
Particularly high volume was seen for the $8 strike call option expiring February 28, 2020, with 17,078 contracts trading so far today, representing approximately 1.7 million underlying shares of CLF. Below is a chart showing CLF's trailing twelve month trading history, with the $8 strike highlighted in orange:
And Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) saw options trading volume of 645 contracts, representing approximately 64,500 underlying shares or approximately 58.1% of EGRX's average daily trading volume over the past month, of 111,000 shares.
Especially high volume was seen for the $50 strike put option expiring March 20, 2020, with 501 contracts trading so far today, representing approximately 50,100 underlying shares of EGRX. Below is a chart showing EGRX's trailing twelve month trading history, with the $50 strike highlighted in orange:
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