Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ciena Corp (NYSE:CIEN), where a total volume of 8,177 contracts has been traded thus far today, a contract volume which is representative of approximately 817,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.1% of CIEN's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $40.50 strike put option expiring October 30, 2020, with 1,500 contracts trading so far today, representing approximately 150,000 underlying shares of CIEN. Below is a chart showing CIEN's trailing twelve month trading history, with the $40.50 strike highlighted in orange:
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) saw options trading volume of 6,075 contracts, representing approximately 607,500 underlying shares or approximately 46.1% of CHRW's average daily trading volume over the past month, of 1.3 million shares.
Especially high volume was seen for the $85 strike call option expiring January 15, 2021, with 750 contracts trading so far today, representing approximately 75,000 underlying shares of CHRW. Below is a chart showing CHRW's trailing twelve month trading history, with the $85 strike highlighted in orange:
And DocuSign Inc (NASDAQ:DOCU) options are showing a volume of 16,552 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 45.5% of DOCU's average daily trading volume over the past month, of 3.6 million shares.
Particularly high volume was seen for the $185 strike put option expiring June 18, 2021, with 1,180 contracts trading so far today, representing approximately 118,000 underlying shares of DOCU. Below is a chart showing DOCU's trailing twelve month trading history, with the $185 strike highlighted in orange:
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