Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), where a total volume of 5,320 contracts has been traded thus far today, a contract volume which is representative of approximately 532,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 153.3% of CBRL's average daily trading volume over the past month, of 347,040 shares. Particularly high volume was seen for the $220 strike call option expiring January 21, 2022, with 5,026 contracts trading so far today, representing approximately 502,600 underlying shares of CBRL. Below is a chart showing CBRL's trailing twelve month trading history, with the $220 strike highlighted in orange:
Hostess Brands Inc (NASDAQ:TWNK) saw options trading volume of 18,268 contracts, representing approximately 1.8 million underlying shares or approximately 145.7% of TWNK's average daily trading volume over the past month, of 1.3 million shares.
Especially high volume was seen for the $15 strike call option expiring December 18, 2020, with 15,430 contracts trading so far today, representing approximately 1.5 million underlying shares of TWNK. Below is a chart showing TWNK's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Wayfair Inc (NYSE:W) saw options trading volume of 30,287 contracts, representing approximately 3.0 million underlying shares or approximately 144% of W's average daily trading volume over the past month, of 2.1 million shares.
Especially high volume was seen for the $340 strike call option expiring October 23, 2020, with 10,786 contracts trading so far today, representing approximately 1.1 million underlying shares of W. Below is a chart showing W's trailing twelve month trading history, with the $340 strike highlighted in orange:
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