Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Turtle Beach Corp (NASDAQ:HEAR), where a total volume of 8,342 contracts has been traded thus far today, a contract volume which is representative of approximately 834,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 216.4% of HEAR's average daily trading volume over the past month, of 385,560 shares. Especially high volume was seen for the $22 strike call option expiring November 20, 2020, with 6,679 contracts trading so far today, representing approximately 667,900 underlying shares of HEAR. Below is a chart showing HEAR's trailing twelve month trading history, with the $22 strike highlighted in orange:
United States Steel Corp. (NYSE:X) saw options trading volume of 103,158 contracts, representing approximately 10.3 million underlying shares or approximately 111.3% of X's average daily trading volume over the past month, of 9.3 million shares.
Especially high volume was seen for the $10 strike call option expiring October 23, 2020, with 6,355 contracts trading so far today, representing approximately 635,500 underlying shares of X. Below is a chart showing X's trailing twelve month trading history, with the $10 strike highlighted in orange:
And Clovis Oncology Inc (NASDAQ:CLVS) options are showing a volume of 35,461 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 95.4% of CLVS's average daily trading volume over the past month, of 3.7 million shares.
Especially high volume was seen for the $7 strike call option expiring November 20, 2020, with 16,182 contracts trading so far today, representing approximately 1.6 million underlying shares of CLVS. Below is a chart showing CLVS's trailing twelve month trading history, with the $7 strike highlighted in orange:
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