Noteworthy Monday Option Activity: MHGC, LHCG, HII

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Morgans Hotel Group Co (MHGC), where a total volume of 450 contracts has been traded thus far today, a contract volume which is representative of approximately 45,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.1% of MHGC's average daily trading volume over the past month, of 106,935 shares. Especially high volume was seen for the $2.50 strike call option expiring July 15, 2016, with 400 contracts trading so far today, representing approximately 40,000 underlying shares of MHGC. Below is a chart showing MHGC's trailing twelve month trading history, with the $2.50 strike highlighted in orange:

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LHC Group Inc ( LHCG) saw options trading volume of 458 contracts, representing approximately 45,800 underlying shares or approximately 41.6% of LHCG's average daily trading volume over the past month, of 109,990 shares. Particularly high volume was seen for the $50 strike call option expiring December 16, 2016, with 250 contracts trading so far today, representing approximately 25,000 underlying shares of LHCG. Below is a chart showing LHCG's trailing twelve month trading history, with the $50 strike highlighted in orange:

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And Huntington Ingalls Industries, Inc. ( HII) options are showing a volume of 1,296 contracts thus far today. That number of contracts represents approximately 129,600 underlying shares, working out to a sizeable 41.5% of HII's average daily trading volume over the past month, of 312,215 shares. Especially high volume was seen for the $150 strike call option expiring May 20, 2016, with 596 contracts trading so far today, representing approximately 59,600 underlying shares of HII. Below is a chart showing HII's trailing twelve month trading history, with the $150 strike highlighted in orange:

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For the various different available expirations for MHGC options, LHCG options, or HII options, visit StockOptionsChannel.com.

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