Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Trillium Therapeutics Inc (NASDAQ:TRIL), where a total volume of 87,073 contracts has been traded thus far today, a contract volume which is representative of approximately 8.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 1085.7% of TRIL's average daily trading volume over the past month, of 802,010 shares. Especially high volume was seen for the $15 strike put option expiring September 17, 2021, with 47,055 contracts trading so far today, representing approximately 4.7 million underlying shares of TRIL. Below is a chart showing TRIL's trailing twelve month trading history, with the $15 strike highlighted in orange:
City Office REIT Inc (NYSE:CIO) options are showing a volume of 5,625 contracts thus far today. That number of contracts represents approximately 562,500 underlying shares, working out to a sizeable 326% of CIO's average daily trading volume over the past month, of 172,555 shares.
Especially high volume was seen for the $17.50 strike call option expiring September 17, 2021, with 3,167 contracts trading so far today, representing approximately 316,700 underlying shares of CIO. Below is a chart showing CIO's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
And Marathon Digital Holdings Inc (NASDAQ:MARA) saw options trading volume of 157,263 contracts, representing approximately 15.7 million underlying shares or approximately 160.3% of MARA's average daily trading volume over the past month, of 9.8 million shares.
Particularly high volume was seen for the $40 strike call option expiring August 27, 2021, with 15,632 contracts trading so far today, representing approximately 1.6 million underlying shares of MARA. Below is a chart showing MARA's trailing twelve month trading history, with the $40 strike highlighted in orange:
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