Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Biogen Inc (NASDAQ:BIIB), where a total volume of 6,338 contracts has been traded thus far today, a contract volume which is representative of approximately 633,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50% of BIIB's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $300 strike call option expiring October 16, 2020, with 812 contracts trading so far today, representing approximately 81,200 underlying shares of BIIB. Below is a chart showing BIIB's trailing twelve month trading history, with the $300 strike highlighted in orange:
UnitedHealth Group Inc (NYSE:UNH) options are showing a volume of 14,353 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 48.9% of UNH's average daily trading volume over the past month, of 2.9 million shares.
Especially high volume was seen for the $305 strike call option expiring October 02, 2020, with 1,518 contracts trading so far today, representing approximately 151,800 underlying shares of UNH. Below is a chart showing UNH's trailing twelve month trading history, with the $305 strike highlighted in orange:
And Hilton Grand Vacations Inc (NYSE:HGV) saw options trading volume of 3,863 contracts, representing approximately 386,300 underlying shares or approximately 46.8% of HGV's average daily trading volume over the past month, of 825,495 shares.
Especially high volume was seen for the $23 strike call option expiring October 16, 2020, with 3,642 contracts trading so far today, representing approximately 364,200 underlying shares of HGV. Below is a chart showing HGV's trailing twelve month trading history, with the $23 strike highlighted in orange:
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