Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chico's FAS Inc (NYSE:CHS), where a total volume of 11,898 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 71.5% of CHS's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $6 strike call option expiring November 19, 2021, with 2,338 contracts trading so far today, representing approximately 233,800 underlying shares of CHS. Below is a chart showing CHS's trailing twelve month trading history, with the $6 strike highlighted in orange:
St. Joe Co. (NYSE:JOE) options are showing a volume of 890 contracts thus far today. That number of contracts represents approximately 89,000 underlying shares, working out to a sizeable 69.2% of JOE's average daily trading volume over the past month, of 128,630 shares.
Particularly high volume was seen for the $70 strike call option expiring December 17, 2021, with 505 contracts trading so far today, representing approximately 50,500 underlying shares of JOE. Below is a chart showing JOE's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Albireo Pharma Inc (NASDAQ:ALBO) saw options trading volume of 1,161 contracts, representing approximately 116,100 underlying shares or approximately 68.9% of ALBO's average daily trading volume over the past month, of 168,505 shares.
Especially high volume was seen for the $35 strike call option expiring September 17, 2021, with 823 contracts trading so far today, representing approximately 82,300 underlying shares of ALBO. Below is a chart showing ALBO's trailing twelve month trading history, with the $35 strike highlighted in orange:
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