Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Cheesecake Factory Inc. (NASDAQ:CAKE), where a total of 7,802 contracts have traded so far, representing approximately 780,200 underlying shares. That amounts to about 56% of CAKE's average daily trading volume over the past month of 1.4 million shares. Especially high volume was seen for the $35 strike call option expiring November 20, 2020, with 5,016 contracts trading so far today, representing approximately 501,600 underlying shares of CAKE. Below is a chart showing CAKE's trailing twelve month trading history, with the $35 strike highlighted in orange:
Herbalife Nutrition Ltd (NYSE:HLF) saw options trading volume of 4,568 contracts, representing approximately 456,800 underlying shares or approximately 55.3% of HLF's average daily trading volume over the past month, of 826,415 shares.
Particularly high volume was seen for the $47.50 strike call option expiring October 30, 2020, with 1,285 contracts trading so far today, representing approximately 128,500 underlying shares of HLF. Below is a chart showing HLF's trailing twelve month trading history, with the $47.50 strike highlighted in orange:
And Philip Morris International Inc (NYSE:PM) options are showing a volume of 22,762 contracts thus far today. That number of contracts represents approximately 2.3 million underlying shares, working out to a sizeable 55.1% of PM's average daily trading volume over the past month, of 4.1 million shares.
Especially high volume was seen for the $75 strike put option expiring January 15, 2021, with 1,529 contracts trading so far today, representing approximately 152,900 underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $75 strike highlighted in orange:
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