Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Co-Diagnostics Inc (NASDAQ:CODX), where a total volume of 3,241 contracts has been traded thus far today, a contract volume which is representative of approximately 324,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.2% of CODX's average daily trading volume over the past month, of 750,655 shares. Particularly high volume was seen for the $8.50 strike call option expiring May 21, 2021, with 383 contracts trading so far today, representing approximately 38,300 underlying shares of CODX. Below is a chart showing CODX's trailing twelve month trading history, with the $8.50 strike highlighted in orange:
Caesars Entertainment Inc (NASDAQ:CZR) saw options trading volume of 14,113 contracts, representing approximately 1.4 million underlying shares or approximately 43.1% of CZR's average daily trading volume over the past month, of 3.3 million shares.
Especially high volume was seen for the $108 strike call option expiring May 21, 2021, with 1,373 contracts trading so far today, representing approximately 137,300 underlying shares of CZR. Below is a chart showing CZR's trailing twelve month trading history, with the $108 strike highlighted in orange:
And Travel + Leisure Co (NYSE:TNL) options are showing a volume of 2,155 contracts thus far today. That number of contracts represents approximately 215,500 underlying shares, working out to a sizeable 42.8% of TNL's average daily trading volume over the past month, of 503,055 shares.
Especially high volume was seen for the $50 strike call option expiring May 21, 2021, with 1,788 contracts trading so far today, representing approximately 178,800 underlying shares of TNL. Below is a chart showing TNL's trailing twelve month trading history, with the $50 strike highlighted in orange:
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