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: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: 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:
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Hewlett Packard Enterprise Expected to Earn 36 Cents a Share
Hewlett Packard Enterprise revenue expected to fall 1% to $7.4 billion.