Credit: Shutterstock photoLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Scientific Games Corp (Symbol: SGMS), where a total volume of 7,592 contracts has been traded thus far today, a contract volume which is representative of approximately 759,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.7% of SGMS's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $10 strike call option expiring April 15, 2016 , with 3,154 contracts trading so far today, representing approximately 315,400 underlying shares of SGMS. Below is a chart showing SGMS's trailing twelve month trading history, with the $10 strike highlighted in orange:
International Paper Co (Symbol: IP) options are showing a volume of 21,371 contracts thus far today. That number of contracts represents approximately 2.1 million underlying shares, working out to a sizeable 43.3% of IP's average daily trading volume over the past month, of 4.9 million shares. Especially high volume was seen for the $39 strike call option expiring April 15, 2016 , with 11,321 contracts trading so far today, representing approximately 1.1 million underlying shares of IP. Below is a chart showing IP's trailing twelve month trading history, with the $39 strike highlighted in orange:
And Tumi Holdings Inc (Symbol: TUMI) options are showing a volume of 3,115 contracts thus far today. That number of contracts represents approximately 311,500 underlying shares, working out to a sizeable 43.2% of TUMI's average daily trading volume over the past month, of 720,830 shares. Especially high volume was seen for the $22.50 strike put option expiring March 18, 2016 , with 1,105 contracts trading so far today, representing approximately 110,500 underlying shares of TUMI. Below is a chart showing TUMI's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
For the various different available expirations for SGMS options , IP options , or TUMI options , visit StockOptionsChannel.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
