Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AMC Entertainment Holdings Inc. (NYSE:AMC), where a total volume of 367,795 contracts has been traded thus far today, a contract volume which is representative of approximately 36.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 117.6% of AMC's average daily trading volume over the past month, of 31.3 million shares. Especially high volume was seen for the $2.50 strike call option expiring January 22, 2021, with 57,842 contracts trading so far today, representing approximately 5.8 million underlying shares of AMC. Below is a chart showing AMC's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
Liberty Oilfield Services Inc (NYSE:LBRT) options are showing a volume of 9,151 contracts thus far today. That number of contracts represents approximately 915,100 underlying shares, working out to a sizeable 107.6% of LBRT's average daily trading volume over the past month, of 850,475 shares.
Particularly high volume was seen for the $12 strike put option expiring February 19, 2021, with 4,500 contracts trading so far today, representing approximately 450,000 underlying shares of LBRT. Below is a chart showing LBRT's trailing twelve month trading history, with the $12 strike highlighted in orange:
And Rent-A-Center Inc. (NASDAQ:RCII) options are showing a volume of 6,954 contracts thus far today. That number of contracts represents approximately 695,400 underlying shares, working out to a sizeable 100.7% of RCII's average daily trading volume over the past month, of 690,300 shares.
Particularly high volume was seen for the $50 strike call option expiring March 19, 2021, with 2,094 contracts trading so far today, representing approximately 209,400 underlying shares of RCII. Below is a chart showing RCII's trailing twelve month trading history, with the $50 strike highlighted in orange:
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