Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Molson Coors Beverage Co (NYSE:TAP), where a total volume of 8,309 contracts has been traded thus far today, a contract volume which is representative of approximately 830,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.6% of TAP's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $52 strike call option expiring July 23, 2021, with 2,034 contracts trading so far today, representing approximately 203,400 underlying shares of TAP. Below is a chart showing TAP's trailing twelve month trading history, with the $52 strike highlighted in orange:
Revolve Group Inc (NYSE:RVLV) options are showing a volume of 6,960 contracts thus far today. That number of contracts represents approximately 696,000 underlying shares, working out to a sizeable 48.5% of RVLV's average daily trading volume over the past month, of 1.4 million shares.
Particularly high volume was seen for the $61.50 strike put option expiring July 23, 2021, with 1,259 contracts trading so far today, representing approximately 125,900 underlying shares of RVLV. Below is a chart showing RVLV's trailing twelve month trading history, with the $61.50 strike highlighted in orange:
And Lumber Liquidators Holdings Inc (NYSE:LL) saw options trading volume of 1,767 contracts, representing approximately 176,700 underlying shares or approximately 48.2% of LL's average daily trading volume over the past month, of 366,825 shares.
Especially high volume was seen for the $18.50 strike put option expiring July 16, 2021, with 206 contracts trading so far today, representing approximately 20,600 underlying shares of LL. Below is a chart showing LL's trailing twelve month trading history, with the $18.50 strike highlighted in orange:
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