Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Cree, Inc. (NASD: CREE), where a total volume of 10,455 contracts has been traded thus far today, a contract volume which is representative of approximately 1.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 157.2% of CREE's average daily trading volume over the past month, of 665,035 shares. Particularly high volume was seen for the $26.50 strike put option expiring August 19, 2016, with 3,022 contracts trading so far today, representing approximately 302,200 underlying shares of CREE. Below is a chart showing CREE's trailing twelve month trading history, with the $26.50 strike highlighted in orange:
Priceline Group Inc. (NASD: PCLN) options are showing a volume of 8,958 contracts thus far today. That number of contracts represents approximately 895,800 underlying shares, working out to a sizeable 144.4% of PCLN's average daily trading volume over the past month, of 620,270 shares.
Especially high volume was seen for the $1350 strike put option expiring August 19, 2016, with 361 contracts trading so far today, representing approximately 36,100 underlying shares of PCLN. Below is a chart showing PCLN's trailing twelve month trading history, with the $1350 strike highlighted in orange:
And GoPro, Inc. (NASD: GPRO) options are showing a volume of 71,596 contracts thus far today. That number of contracts represents approximately 7.2 million underlying shares, working out to a sizeable 90.8% of GPRO's average daily trading volume over the past month, of 7.9 million shares.
Particularly high volume was seen for the $16 strike call option expiring September 16, 2016, with 9,643 contracts trading so far today, representing approximately 964,300 underlying shares of GPRO. Below is a chart showing GPRO's trailing twelve month trading history, with the $16 strike highlighted in orange:
For the various different available expirations for CREE options, PCLN options, or GPRO options, visit StockOptionsChannel.com.
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