Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zuora Inc (NYSE:ZUO), where a total volume of 12,453 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 80.4% of ZUO's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $15 strike call option expiring March 19, 2021, with 7,270 contracts trading so far today, representing approximately 727,000 underlying shares of ZUO. Below is a chart showing ZUO's trailing twelve month trading history, with the $15 strike highlighted in orange:
Uber Technologies Inc (NYSE:UBER) options are showing a volume of 196,607 contracts thus far today. That number of contracts represents approximately 19.7 million underlying shares, working out to a sizeable 79.1% of UBER's average daily trading volume over the past month, of 24.9 million shares.
Particularly high volume was seen for the $60 strike call option expiring February 05, 2021, with 12,586 contracts trading so far today, representing approximately 1.3 million underlying shares of UBER. Below is a chart showing UBER's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Durect Corp (NASDAQ:DRRX) saw options trading volume of 6,793 contracts, representing approximately 679,300 underlying shares or approximately 77.1% of DRRX's average daily trading volume over the past month, of 881,460 shares.
Particularly high volume was seen for the $2.50 strike call option expiring February 19, 2021, with 1,272 contracts trading so far today, representing approximately 127,200 underlying shares of DRRX. Below is a chart showing DRRX's trailing twelve month trading history, with the $2.50 strike highlighted in orange:
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