Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Andersons Inc (Symbol: ANDE), where a total volume of 2,900 contracts has been traded thus far today, a contract volume which is representative of approximately 290,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55% of ANDE's average daily trading volume over the past month, of 527,610 shares. Especially high volume was seen for the $40 strike call option expiring June 17, 2022, with 579 contracts trading so far today, representing approximately 57,900 underlying shares of ANDE. Below is a chart showing ANDE's trailing twelve month trading history, with the $40 strike highlighted in orange:
Inspire Medical Systems Inc (Symbol: INSP) saw options trading volume of 1,342 contracts, representing approximately 134,200 underlying shares or approximately 54% of INSP's average daily trading volume over the past month, of 248,385 shares. Especially high volume was seen for the $195 strike call option expiring May 20, 2022, with 305 contracts trading so far today, representing approximately 30,500 underlying shares of INSP. Below is a chart showing INSP's trailing twelve month trading history, with the $195 strike highlighted in orange:
And Polaris Inc (Symbol: PII) options are showing a volume of 4,381 contracts thus far today. That number of contracts represents approximately 438,100 underlying shares, working out to a sizeable 53.3% of PII's average daily trading volume over the past month, of 822,050 shares. Especially high volume was seen for the $95 strike put option expiring May 20, 2022, with 1,572 contracts trading so far today, representing approximately 157,200 underlying shares of PII. Below is a chart showing PII's trailing twelve month trading history, with the $95 strike highlighted in orange:
For the various different available expirations for ANDE options, INSP options, or PII 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.
