Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Spotify Technology SA (NYSE:SPOT), where a total volume of 9,533 contracts has been traded thus far today, a contract volume which is representative of approximately 953,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.8% of SPOT's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $370 strike call option expiring January 20, 2023, with 600 contracts trading so far today, representing approximately 60,000 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $370 strike highlighted in orange:
Container Store Group, Inc (NYSE:TCS) options are showing a volume of 1,588 contracts thus far today. That number of contracts represents approximately 158,800 underlying shares, working out to a sizeable 60.9% of TCS's average daily trading volume over the past month, of 260,870 shares.
Especially high volume was seen for the $5 strike call option expiring September 18, 2020, with 716 contracts trading so far today, representing approximately 71,600 underlying shares of TCS. Below is a chart showing TCS's trailing twelve month trading history, with the $5 strike highlighted in orange:
And Taubman Centers Inc (NYSE:TCO) options are showing a volume of 4,008 contracts thus far today. That number of contracts represents approximately 400,800 underlying shares, working out to a sizeable 60.7% of TCO's average daily trading volume over the past month, of 659,825 shares.
Particularly high volume was seen for the $30 strike put option expiring October 16, 2020, with 1,072 contracts trading so far today, representing approximately 107,200 underlying shares of TCO. Below is a chart showing TCO's trailing twelve month trading history, with the $30 strike highlighted in orange:
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