Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lemonade Inc (NYSE:LMND), where a total volume of 12,186 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 55.3% of LMND's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $95 strike call option expiring April 23, 2021, with 1,145 contracts trading so far today, representing approximately 114,500 underlying shares of LMND. Below is a chart showing LMND's trailing twelve month trading history, with the $95 strike highlighted in orange:
Rent-A-Center Inc. (NASDAQ:RCII) options are showing a volume of 2,849 contracts thus far today. That number of contracts represents approximately 284,900 underlying shares, working out to a sizeable 55.1% of RCII's average daily trading volume over the past month, of 516,745 shares.
Particularly high volume was seen for the $60 strike call option expiring May 21, 2021, with 1,058 contracts trading so far today, representing approximately 105,800 underlying shares of RCII. Below is a chart showing RCII's trailing twelve month trading history, with the $60 strike highlighted in orange:
And Safeguard Scientifics Inc New (NYSE:SFE) saw options trading volume of 571 contracts, representing approximately 57,100 underlying shares or approximately 53.3% of SFE's average daily trading volume over the past month, of 107,055 shares.
Particularly high volume was seen for the $7.50 strike call option expiring July 16, 2021, with 571 contracts trading so far today, representing approximately 57,100 underlying shares of SFE. Below is a chart showing SFE's trailing twelve month trading history, with the $7.50 strike highlighted in orange:
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