Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Miller (Herman) Inc (NASDAQ:MLHR), where a total volume of 2,403 contracts has been traded thus far today, a contract volume which is representative of approximately 240,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.9% of MLHR's average daily trading volume over the past month, of 422,480 shares. Especially high volume was seen for the $35 strike put option expiring December 18, 2020, with 636 contracts trading so far today, representing approximately 63,600 underlying shares of MLHR. Below is a chart showing MLHR's trailing twelve month trading history, with the $35 strike highlighted in orange:
Quad/Graphics, Inc. (NYSE:QUAD) saw options trading volume of 1,135 contracts, representing approximately 113,500 underlying shares or approximately 56.3% of QUAD's average daily trading volume over the past month, of 201,510 shares.
Particularly high volume was seen for the $5 strike call option expiring January 15, 2021, with 592 contracts trading so far today, representing approximately 59,200 underlying shares of QUAD. Below is a chart showing QUAD's trailing twelve month trading history, with the $5 strike highlighted in orange:
And Stitch Fix Inc (NASDAQ:SFIX) options are showing a volume of 24,680 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 54.7% of SFIX's average daily trading volume over the past month, of 4.5 million shares.
Especially high volume was seen for the $60 strike put option expiring December 18, 2020, with 2,584 contracts trading so far today, representing approximately 258,400 underlying shares of SFIX. Below is a chart showing SFIX's trailing twelve month trading history, with the $60 strike highlighted in orange:
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