Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AAR Corp (NYSE:AIR), where a total volume of 4,024 contracts has been traded thus far today, a contract volume which is representative of approximately 402,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 147.4% of AIR's average daily trading volume over the past month, of 273,060 shares. Especially high volume was seen for the $45 strike call option expiring August 20, 2021, with 2,005 contracts trading so far today, representing approximately 200,500 underlying shares of AIR. Below is a chart showing AIR's trailing twelve month trading history, with the $45 strike highlighted in orange:
Cassava Sciences Inc (NASDAQ:SAVA) saw options trading volume of 21,340 contracts, representing approximately 2.1 million underlying shares or approximately 147.3% of SAVA's average daily trading volume over the past month, of 1.4 million shares.
Especially high volume was seen for the $80 strike call option expiring June 18, 2021, with 4,186 contracts trading so far today, representing approximately 418,600 underlying shares of SAVA. Below is a chart showing SAVA's trailing twelve month trading history, with the $80 strike highlighted in orange:
And Harmonic, Inc. (NASDAQ:HLIT) saw options trading volume of 7,343 contracts, representing approximately 734,300 underlying shares or approximately 129.5% of HLIT's average daily trading volume over the past month, of 567,055 shares.
Particularly high volume was seen for the $7.50 strike call option expiring June 18, 2021, with 6,340 contracts trading so far today, representing approximately 634,000 underlying shares of HLIT. Below is a chart showing HLIT's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
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