Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Citigroup Inc (NYSE:C), where a total volume of 123,776 contracts has been traded thus far today, a contract volume which is representative of approximately 12.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.4% of C's average daily trading volume over the past month, of 25.0 million shares. Particularly high volume was seen for the $47.50 strike call option expiring June 18, 2021, with 30,324 contracts trading so far today, representing approximately 3.0 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $47.50 strike highlighted in orange:
Paysign Inc (NASDAQ:PAYS) options are showing a volume of 1,008 contracts thus far today. That number of contracts represents approximately 100,800 underlying shares, working out to a sizeable 49.1% of PAYS's average daily trading volume over the past month, of 205,285 shares.
Especially high volume was seen for the $7.50 strike call option expiring January 21, 2022, with 208 contracts trading so far today, representing approximately 20,800 underlying shares of PAYS. Below is a chart showing PAYS's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
And Meta Financial Group Inc (NASDAQ:CASH) saw options trading volume of 1,001 contracts, representing approximately 100,100 underlying shares or approximately 48% of CASH's average daily trading volume over the past month, of 208,430 shares.
Particularly high volume was seen for the $20 strike put option expiring November 20, 2020, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of CASH. Below is a chart showing CASH's trailing twelve month trading history, with the $20 strike highlighted in orange:
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