Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Immersion Corp (IMMR - Get Report), where a total volume of 3,312 contracts has been traded thus far today, a contract volume which is representative of approximately 331,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 200.5% of IMMR's average daily trading volume over the past month, of 165,175 shares. Particularly high volume was seen for the $7.50 strike call option expiring November 18, 2016, with 2,802 contracts trading so far today, representing approximately 280,200 underlying shares of IMMR. Below is a chart showing IMMR's trailing twelve month trading history, with the $7.50 strike highlighted in orange:Cree, Inc. ( CREE) saw options trading volume of 12,215 contracts, representing approximately 1.2 million underlying shares or approximately 163.7% of CREE's average daily trading volume over the past month, of 746,410 shares. Especially high volume was seen for the $25 strike put option expiring October 21, 2016, with 1,833 contracts trading so far today, representing approximately 183,300 underlying shares of CREE. Below is a chart showing CREE's trailing twelve month trading history, with the $25 strike highlighted in orange: And GNC Holdings Inc ( GNC) options are showing a volume of 11,430 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 85.9% of GNC's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $25 strike call option expiring January 20, 2017, with 5,111 contracts trading so far today, representing approximately 511,100 underlying shares of GNC. Below is a chart showing GNC's trailing twelve month trading history, with the $25 strike highlighted in orange:
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