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Notable Wednesday Option Activity: LULU, ABY, FCX

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in lululemon athletica inc (NASD: LULU), where a total volume of 9,904 contracts has been traded thus far today, a contract volume which is representative of approximately 990,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.3% of LULU's average daily trading volume over the past month, of 2.0 million shares. Particularly high volume was seen for the $58.50 strike call option expiring November 25, 2016, with 798 contracts trading so far today, representing approximately 79,800 underlying shares of LULU. Below is a chart showing LULU's trailing twelve month trading history, with the $58.50 strike highlighted in orange:

Click here to find out Today's Most Active Call & Put Options of the S&P 500 »

Atlantica Yield plc (NASD: ABY) saw options trading volume of 2,284 contracts, representing approximately 228,400 underlying shares or approximately 49.3% of ABY's average daily trading volume over the past month, of 463,280 shares.

Particularly high volume was seen for the $20 strike call option expiring May 19, 2017, with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of ABY. Below is a chart showing ABY's trailing twelve month trading history, with the $20 strike highlighted in orange:

And Freeport-McMoran Copper & Gold (NYSE: FCX) saw options trading volume of 178,492 contracts, representing approximately 17.8 million underlying shares or approximately 45.8% of FCX's average daily trading volume over the past month, of 38.9 million shares.

Especially high volume was seen for the $15 strike call option expiring January 20, 2017, with 9,884 contracts trading so far today, representing approximately 988,400 underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $15 strike highlighted in orange:

For the various different available expirations for LULU options, ABY options, or FCX options, visit StockOptionsChannel.com.


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