Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Brightcove Inc (NASDAQ:BCOV), where a total volume of 649 contracts has been traded thus far today, a contract volume which is representative of approximately 64,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.4% of BCOV's average daily trading volume over the past month, of 121,645 shares. Particularly high volume was seen for the $12.50 strike call option expiring October 16, 2020, with 484 contracts trading so far today, representing approximately 48,400 underlying shares of BCOV. Below is a chart showing BCOV's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
Axon Enterprise Inc (NASDAQ:AAXN) options are showing a volume of 2,832 contracts thus far today. That number of contracts represents approximately 283,200 underlying shares, working out to a sizeable 53.2% of AAXN's average daily trading volume over the past month, of 532,330 shares.
Especially high volume was seen for the $100 strike call option expiring October 16, 2020, with 652 contracts trading so far today, representing approximately 65,200 underlying shares of AAXN. Below is a chart showing AAXN's trailing twelve month trading history, with the $100 strike highlighted in orange:
And Target Corp (NYSE:TGT) saw options trading volume of 15,188 contracts, representing approximately 1.5 million underlying shares or approximately 53.1% of TGT's average daily trading volume over the past month, of 2.9 million shares.
Particularly high volume was seen for the $170 strike call option expiring November 20, 2020, with 1,338 contracts trading so far today, representing approximately 133,800 underlying shares of TGT. Below is a chart showing TGT's trailing twelve month trading history, with the $170 strike highlighted in orange:
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