Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ambac Financial Group, Inc. (NYSE:AMBC), where a total volume of 4,785 contracts has been traded thus far today, a contract volume which is representative of approximately 478,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 126.1% of AMBC's average daily trading volume over the past month, of 379,525 shares. Especially high volume was seen for the $22.50 strike call option expiring April 16, 2021, with 2,042 contracts trading so far today, representing approximately 204,200 underlying shares of AMBC. Below is a chart showing AMBC's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
Purple Innovation Inc (NASDAQ:PRPL) saw options trading volume of 10,358 contracts, representing approximately 1.0 million underlying shares or approximately 125.6% of PRPL's average daily trading volume over the past month, of 824,695 shares.
Particularly high volume was seen for the $30 strike call option expiring March 19, 2021, with 1,043 contracts trading so far today, representing approximately 104,300 underlying shares of PRPL. Below is a chart showing PRPL's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Schrodinger Inc (NASDAQ:SDGR) options are showing a volume of 10,931 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 115.7% of SDGR's average daily trading volume over the past month, of 944,490 shares.
Especially high volume was seen for the $125 strike call option expiring March 19, 2021, with 702 contracts trading so far today, representing approximately 70,200 underlying shares of SDGR. Below is a chart showing SDGR's trailing twelve month trading history, with the $125 strike highlighted in orange:
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