Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SMART Global Holdings Inc (NASDAQ:SGH), where a total volume of 841 contracts has been traded thus far today, a contract volume which is representative of approximately 84,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.5% of SGH's average daily trading volume over the past month, of 189,135 shares. Particularly high volume was seen for the $30 strike call option expiring October 16, 2020, with 289 contracts trading so far today, representing approximately 28,900 underlying shares of SGH. Below is a chart showing SGH's trailing twelve month trading history, with the $30 strike highlighted in orange:
Atlassian Corp PLC (NASDAQ:TEAM) options are showing a volume of 6,056 contracts thus far today. That number of contracts represents approximately 605,600 underlying shares, working out to a sizeable 44.2% of TEAM's average daily trading volume over the past month, of 1.4 million shares.
Especially high volume was seen for the $200 strike call option expiring October 09, 2020, with 894 contracts trading so far today, representing approximately 89,400 underlying shares of TEAM. Below is a chart showing TEAM's trailing twelve month trading history, with the $200 strike highlighted in orange:
And Repay Holdings Corp (NASDAQ:RPAY) saw options trading volume of 5,652 contracts, representing approximately 565,200 underlying shares or approximately 43.7% of RPAY's average daily trading volume over the past month, of 1.3 million shares.
Particularly high volume was seen for the $30 strike call option expiring November 20, 2020, with 2,800 contracts trading so far today, representing approximately 280,000 underlying shares of RPAY. Below is a chart showing RPAY's trailing twelve month trading history, with the $30 strike highlighted in orange:
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