Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dick's Sporting Goods, Inc (NYSE:DKS), where a total volume of 23,960 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 78% of DKS's average daily trading volume over the past month, of 3.1 million shares. Especially high volume was seen for the $40 strike call option expiring June 05, 2020, with 3,418 contracts trading so far today, representing approximately 341,800 underlying shares of DKS. Below is a chart showing DKS's trailing twelve month trading history, with the $40 strike highlighted in orange:
Roku Inc (NASDAQ:ROKU) saw options trading volume of 90,022 contracts, representing approximately 9.0 million underlying shares or approximately 75.7% of ROKU's average daily trading volume over the past month, of 11.9 million shares.
Especially high volume was seen for the $115 strike call option expiring June 05, 2020, with 8,271 contracts trading so far today, representing approximately 827,100 underlying shares of ROKU. Below is a chart showing ROKU's trailing twelve month trading history, with the $115 strike highlighted in orange:
And Lovesac Co (NASDAQ:LOVE) options are showing a volume of 2,612 contracts thus far today. That number of contracts represents approximately 261,200 underlying shares, working out to a sizeable 66.5% of LOVE's average daily trading volume over the past month, of 392,585 shares.
Especially high volume was seen for the $25 strike call option expiring July 17, 2020, with 750 contracts trading so far today, representing approximately 75,000 underlying shares of LOVE. Below is a chart showing LOVE's trailing twelve month trading history, with the $25 strike highlighted in orange:
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