Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Academy Sports & Outdoors Inc (NASDAQ:ASO), where a total volume of 9,896 contracts has been traded thus far today, a contract volume which is representative of approximately 989,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.8% of ASO's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $25 strike call option expiring March 19, 2021, with 2,534 contracts trading so far today, representing approximately 253,400 underlying shares of ASO. Below is a chart showing ASO's trailing twelve month trading history, with the $25 strike highlighted in orange:
Coupa Software Inc (NASDAQ:COUP) options are showing a volume of 6,503 contracts thus far today. That number of contracts represents approximately 650,300 underlying shares, working out to a sizeable 54.5% of COUP's average daily trading volume over the past month, of 1.2 million shares.
Particularly high volume was seen for the $332.50 strike put option expiring February 19, 2021, with 2,496 contracts trading so far today, representing approximately 249,600 underlying shares of COUP. Below is a chart showing COUP's trailing twelve month trading history, with the $332.50 strike highlighted in orange:
And Ubiquiti Inc (NYSE:UI) saw options trading volume of 751 contracts, representing approximately 75,100 underlying shares or approximately 54% of UI's average daily trading volume over the past month, of 139,080 shares.
Particularly high volume was seen for the $370 strike call option expiring February 19, 2021, with 89 contracts trading so far today, representing approximately 8,900 underlying shares of UI. Below is a chart showing UI's trailing twelve month trading history, with the $370 strike highlighted in orange:
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