Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Electronic Arts, Inc. (NASD: EA), where a total volume of 10,101 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 43.3% of EA's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $87.50 strike call option expiring December 16, 2016, with 1,290 contracts trading so far today, representing approximately 129,000 underlying shares of EA. Below is a chart showing EA's trailing twelve month trading history, with the $87.50 strike highlighted in orange:
Weatherford International plc (NYSE: WFT) options are showing a volume of 84,662 contracts thus far today. That number of contracts represents approximately 8.5 million underlying shares, working out to a sizeable 41% of WFT's average daily trading volume over the past month, of 20.6 million shares.
Particularly high volume was seen for the $6 strike call option expiring October 21, 2016, with 38,320 contracts trading so far today, representing approximately 3.8 million underlying shares of WFT. Below is a chart showing WFT's trailing twelve month trading history, with the $6 strike highlighted in orange:
And Akamai Technologies Inc (NASD: AKAM) options are showing a volume of 6,994 contracts thus far today. That number of contracts represents approximately 699,400 underlying shares, working out to a sizeable 40.8% of AKAM's average daily trading volume over the past month, of 1.7 million shares.
Particularly high volume was seen for the $60 strike call option expiring October 28, 2016, with 1,514 contracts trading so far today, representing approximately 151,400 underlying shares of AKAM. Below is a chart showing AKAM's trailing twelve month trading history, with the $60 strike highlighted in orange:
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