Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chemours Co (NYSE:CC), where a total volume of 6,153 contracts has been traded thus far today, a contract volume which is representative of approximately 615,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.2% of CC's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $22 strike put option expiring January 21, 2022, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of CC. Below is a chart showing CC's trailing twelve month trading history, with the $22 strike highlighted in orange:
Best Buy Inc (NYSE:BBY) saw options trading volume of 14,787 contracts, representing approximately 1.5 million underlying shares or approximately 53.3% of BBY's average daily trading volume over the past month, of 2.8 million shares.
Especially high volume was seen for the $120 strike call option expiring December 17, 2021, with 1,576 contracts trading so far today, representing approximately 157,600 underlying shares of BBY. Below is a chart showing BBY's trailing twelve month trading history, with the $120 strike highlighted in orange:
And Lindsay Corp (NYSE:LNN) saw options trading volume of 328 contracts, representing approximately 32,800 underlying shares or approximately 52.7% of LNN's average daily trading volume over the past month, of 62,185 shares.
Especially high volume was seen for the $175 strike call option expiring December 17, 2021, with 110 contracts trading so far today, representing approximately 11,000 underlying shares of LNN. Below is a chart showing LNN's trailing twelve month trading history, with the $175 strike highlighted in orange:
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