Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chipotle Mexican Grill Inc (NYSE: CMG), where a total volume of 27,773 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 309.9% of CMG's average daily trading volume over the past month, of 896,205 shares. Particularly high volume was seen for the $420 strike call option expiring August 26, 2016, with 2,612 contracts trading so far today, representing approximately 261,200 underlying shares of CMG. Below is a chart showing CMG's trailing twelve month trading history, with the $420 strike highlighted in orange:
Alphabet Inc (NASD: GOOGL) saw options trading volume of 29,935 contracts, representing approximately 3.0 million underlying shares or approximately 201.7% of GOOGL's average daily trading volume over the past month, of 1.5 million shares.
Especially high volume was seen for the $800 strike call option expiring August 26, 2016, with 1,890 contracts trading so far today, representing approximately 189,000 underlying shares of GOOGL. Below is a chart showing GOOGL's trailing twelve month trading history, with the $800 strike highlighted in orange:
And PURE Storage Inc (NYSE: PSTG) options are showing a volume of 14,742 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 134.9% of PSTG's average daily trading volume over the past month, of 1.1 million shares.
Particularly high volume was seen for the $10 strike put option expiring October 21, 2016, with 5,102 contracts trading so far today, representing approximately 510,200 underlying shares of PSTG. Below is a chart showing PSTG's trailing twelve month trading history, with the $10 strike highlighted in orange:
For the various different available expirations for CMG options, GOOGL options, or PSTG options, visit StockOptionsChannel.com.
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