Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Stamps.com Inc. (Symbol: STMP), where a total volume of 1,965 contracts has been traded thus far today, a contract volume which is representative of approximately 196,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.3% of STMP's average daily trading volume over the past month, of 415,755 shares. Particularly high volume was seen for the $200 strike put option expiring October 16, 2020, with 159 contracts trading so far today, representing approximately 15,900 underlying shares of STMP. Below is a chart showing STMP's trailing twelve month trading history, with the $200 strike highlighted in orange:
Cheesecake Factory Inc. (Symbol: CAKE) saw options trading volume of 6,910 contracts, representing approximately 691,000 underlying shares or approximately 47.1% of CAKE's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $30 strike call option expiring September 18, 2020, with 941 contracts trading so far today, representing approximately 94,100 underlying shares of CAKE. Below is a chart showing CAKE's trailing twelve month trading history, with the $30 strike highlighted in orange:
And Jazz Pharmaceuticals plc (Symbol: JAZZ) saw options trading volume of 2,730 contracts, representing approximately 273,000 underlying shares or approximately 46% of JAZZ's average daily trading volume over the past month, of 593,935 shares. Particularly high volume was seen for the $140 strike call option expiring October 16, 2020, with 1,182 contracts trading so far today, representing approximately 118,200 underlying shares of JAZZ. Below is a chart showing JAZZ's trailing twelve month trading history, with the $140 strike highlighted in orange:
For the various different available expirations for STMP options, CAKE options, or JAZZ options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
