Notable Tuesday Option Activity: CMRE, JAKK, CIEN

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Costamare Inc. (CMRE), where a total of 1,716 contracts have traded so far, representing approximately 171,600 underlying shares. That amounts to about 79% of CMRE's average daily trading volume over the past month of 217,265 shares. Especially high volume was seen for the $9 strike put option expiring November 18, 2016, with 990 contracts trading so far today, representing approximately 99,000 underlying shares of CMRE. Below is a chart showing CMRE's trailing twelve month trading history, with the $9 strike highlighted in orange:

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Jakks Pacific Inc. ( JAKK) saw options trading volume of 1,166 contracts, representing approximately 116,600 underlying shares or approximately 77.4% of JAKK's average daily trading volume over the past month, of 150,700 shares. Particularly high volume was seen for the $7.50 strike put option expiring March 17, 2017, with 673 contracts trading so far today, representing approximately 67,300 underlying shares of JAKK. Below is a chart showing JAKK's trailing twelve month trading history, with the $7.50 strike highlighted in orange:

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And Ciena Corp ( CIEN) options are showing a volume of 11,731 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 44.5% of CIEN's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $23 strike call option expiring November 18, 2016, with 6,581 contracts trading so far today, representing approximately 658,100 underlying shares of CIEN. Below is a chart showing CIEN's trailing twelve month trading history, with the $23 strike highlighted in orange:

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For the various different available expirations for CMRE options, JAKK options, or CIEN options, visit StockOptionsChannel.com.

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