Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Fiesta Restaurant Group, Inc (NASDAQ:FRGI), where a total volume of 696 contracts has been traded thus far today, a contract volume which is representative of approximately 69,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.6% of FRGI's average daily trading volume over the past month, of 143,080 shares. Particularly high volume was seen for the $17.50 strike call option expiring February 19, 2021, with 543 contracts trading so far today, representing approximately 54,300 underlying shares of FRGI. Below is a chart showing FRGI's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
Argan Inc (NYSE:AGX) options are showing a volume of 412 contracts thus far today. That number of contracts represents approximately 41,200 underlying shares, working out to a sizeable 48.5% of AGX's average daily trading volume over the past month, of 84,930 shares.
Especially high volume was seen for the $30 strike call option expiring April 16, 2021, with 400 contracts trading so far today, representing approximately 40,000 underlying shares of AGX. Below is a chart showing AGX's trailing twelve month trading history, with the $30 strike highlighted in orange:
And BridgeBio Pharma Inc (NASDAQ:BBIO) saw options trading volume of 5,427 contracts, representing approximately 542,700 underlying shares or approximately 48.1% of BBIO's average daily trading volume over the past month, of 1.1 million shares.
Especially high volume was seen for the $50 strike put option expiring December 17, 2021, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of BBIO. Below is a chart showing BBIO's trailing twelve month trading history, with the $50 strike highlighted in orange:
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