Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Saia Inc (Symbol: SAIA), where a total volume of 1,007 contracts has been traded thus far today, a contract volume which is representative of approximately 100,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55% of SAIA's average daily trading volume over the past month, of 183,130 shares. Particularly high volume was seen for the $55 strike put option expiring May 17, 2019, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of SAIA. Below is a chart showing SAIA's trailing twelve month trading history, with the $55 strike highlighted in orange:
Coty, Inc. (Symbol: COTY) options are showing a volume of 74,913 contracts thus far today. That number of contracts represents approximately 7.5 million underlying shares, working out to a sizeable 51.9% of COTY's average daily trading volume over the past month, of 14.4 million shares. Especially high volume was seen for the $15 strike call option expiring May 17, 2019, with 18,421 contracts trading so far today, representing approximately 1.8 million underlying shares of COTY. Below is a chart showing COTY's trailing twelve month trading history, with the $15 strike highlighted in orange:
And Amgen Inc (Symbol: AMGN) saw options trading volume of 14,162 contracts, representing approximately 1.4 million underlying shares or approximately 51.3% of AMGN's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $175 strike put option expiring April 26, 2019, with 2,391 contracts trading so far today, representing approximately 239,100 underlying shares of AMGN. Below is a chart showing AMGN's trailing twelve month trading history, with the $175 strike highlighted in orange:
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