Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in New Relic Inc (NYSE:NEWR), where a total volume of 2,940 contracts has been traded thus far today, a contract volume which is representative of approximately 294,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.7% of NEWR's average daily trading volume over the past month, of 468,640 shares. Especially high volume was seen for the $65 strike put option expiring November 19, 2021, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of NEWR. Below is a chart showing NEWR's trailing twelve month trading history, with the $65 strike highlighted in orange:
Vistra Corp (NYSE:VST) saw options trading volume of 26,276 contracts, representing approximately 2.6 million underlying shares or approximately 62.4% of VST's average daily trading volume over the past month, of 4.2 million shares.
Particularly high volume was seen for the $19 strike call option expiring November 19, 2021, with 10,332 contracts trading so far today, representing approximately 1.0 million underlying shares of VST. Below is a chart showing VST's trailing twelve month trading history, with the $19 strike highlighted in orange:
And Meredith Corp (NYSE:MDP) options are showing a volume of 3,856 contracts thus far today. That number of contracts represents approximately 385,600 underlying shares, working out to a sizeable 62.2% of MDP's average daily trading volume over the past month, of 620,335 shares.
Especially high volume was seen for the $60 strike call option expiring December 17, 2021, with 1,120 contracts trading so far today, representing approximately 112,000 underlying shares of MDP. Below is a chart showing MDP's trailing twelve month trading history, with the $60 strike highlighted in orange:
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