Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Unity Software Inc (NYSE:U), where a total volume of 20,225 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 84.1% of U's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $100 strike call option expiring May 21, 2021, with 1,340 contracts trading so far today, representing approximately 134,000 underlying shares of U. Below is a chart showing U's trailing twelve month trading history, with the $100 strike highlighted in orange:
Sonos Inc (NASDAQ:SONO) saw options trading volume of 15,773 contracts, representing approximately 1.6 million underlying shares or approximately 83% of SONO's average daily trading volume over the past month, of 1.9 million shares.
Particularly high volume was seen for the $45 strike call option expiring January 21, 2022, with 5,012 contracts trading so far today, representing approximately 501,200 underlying shares of SONO. Below is a chart showing SONO's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Splunk Inc (NASDAQ:SPLK) options are showing a volume of 19,046 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 80% of SPLK's average daily trading volume over the past month, of 2.4 million shares.
Particularly high volume was seen for the $130 strike call option expiring May 21, 2021, with 1,202 contracts trading so far today, representing approximately 120,200 underlying shares of SPLK. Below is a chart showing SPLK's trailing twelve month trading history, with the $130 strike highlighted in orange:
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