Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Garmin Ltd (NASDAQ:GRMN), where a total volume of 7,182 contracts has been traded thus far today, a contract volume which is representative of approximately 718,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 114.5% of GRMN's average daily trading volume over the past month, of 627,160 shares. Particularly high volume was seen for the $97.50 strike call option expiring November 20, 2020, with 2,995 contracts trading so far today, representing approximately 299,500 underlying shares of GRMN. Below is a chart showing GRMN's trailing twelve month trading history, with the $97.50 strike highlighted in orange:
Lyft Inc (NASDAQ:LYFT) options are showing a volume of 85,502 contracts thus far today. That number of contracts represents approximately 8.6 million underlying shares, working out to a sizeable 103.7% of LYFT's average daily trading volume over the past month, of 8.2 million shares.
Particularly high volume was seen for the $28.50 strike call option expiring November 06, 2020, with 10,589 contracts trading so far today, representing approximately 1.1 million underlying shares of LYFT. Below is a chart showing LYFT's trailing twelve month trading history, with the $28.50 strike highlighted in orange:
And Xilinx, Inc. (NASDAQ:XLNX) saw options trading volume of 26,751 contracts, representing approximately 2.7 million underlying shares or approximately 90.5% of XLNX's average daily trading volume over the past month, of 3.0 million shares.
Especially high volume was seen for the $115 strike put option expiring October 23, 2020, with 3,686 contracts trading so far today, representing approximately 368,600 underlying shares of XLNX. Below is a chart showing XLNX's trailing twelve month trading history, with the $115 strike highlighted in orange:
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