Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Albireo Pharma Inc (NASDAQ:ALBO), where a total volume of 2,811 contracts has been traded thus far today, a contract volume which is representative of approximately 281,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 243.5% of ALBO's average daily trading volume over the past month, of 115,465 shares. Especially high volume was seen for the $17.50 strike put option expiring August 21, 2020, with 1,004 contracts trading so far today, representing approximately 100,400 underlying shares of ALBO. Below is a chart showing ALBO's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
Cirrus Logic Inc (NASDAQ:CRUS) options are showing a volume of 15,346 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 223.2% of CRUS's average daily trading volume over the past month, of 687,660 shares.
Especially high volume was seen for the $72 strike call option expiring August 07, 2020, with 2,775 contracts trading so far today, representing approximately 277,500 underlying shares of CRUS. Below is a chart showing CRUS's trailing twelve month trading history, with the $72 strike highlighted in orange:
And Beyond Meat Inc (NASDAQ:BYND) saw options trading volume of 71,835 contracts, representing approximately 7.2 million underlying shares or approximately 184.9% of BYND's average daily trading volume over the past month, of 3.9 million shares.
Especially high volume was seen for the $150 strike call option expiring August 07, 2020, with 3,382 contracts trading so far today, representing approximately 338,200 underlying shares of BYND. Below is a chart showing BYND's trailing twelve month trading history, with the $150 strike highlighted in orange:
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