Noteworthy Thursday Option Activity: SQBG, CASY, RECN

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Sequential Brands Group Inc ( SQBG), where a total of 1,316 contracts have traded so far, representing approximately 131,600 underlying shares. That amounts to about 127.8% of SQBG's average daily trading volume over the past month of 102,985 shares. Particularly high volume was seen for the $5 strike put option expiring March 17, 2017, with 1,225 contracts trading so far today, representing approximately 122,500 underlying shares of SQBG. Below is a chart showing SQBG's trailing twelve month trading history, with the $5 strike highlighted in orange:

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Casey's General Stores, Inc. ( CASY) saw options trading volume of 3,403 contracts, representing approximately 340,300 underlying shares or approximately 110.7% of CASY's average daily trading volume over the past month, of 307,390 shares. Especially high volume was seen for the $115 strike call option expiring May 19, 2017, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of CASY. Below is a chart showing CASY's trailing twelve month trading history, with the $115 strike highlighted in orange:

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And Resources Connection Inc ( RECN) options are showing a volume of 4,030 contracts thus far today. That number of contracts represents approximately 403,000 underlying shares, working out to a sizeable 110% of RECN's average daily trading volume over the past month, of 366,315 shares. Particularly high volume was seen for the $25 strike call option expiring November 18, 2016, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of RECN. Below is a chart showing RECN's trailing twelve month trading history, with the $25 strike highlighted in orange:

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