Notable Tuesday Option Activity: EVC, ACAT, CSTE

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Entravision Communications Corp. (EVC), where a total volume of 1,466 contracts has been traded thus far today, a contract volume which is representative of approximately 146,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.4% of EVC's average daily trading volume over the past month, of 227,705 shares. Especially high volume was seen for the $5 strike put option expiring February 17, 2017, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of EVC. Below is a chart showing EVC's trailing twelve month trading history, with the $5 strike highlighted in orange:

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Arctic Cat Inc ( ACAT) options are showing a volume of 655 contracts thus far today. That number of contracts represents approximately 65,500 underlying shares, working out to a sizeable 61.5% of ACAT's average daily trading volume over the past month, of 106,535 shares. Particularly high volume was seen for the $15 strike put option expiring November 18, 2016, with 510 contracts trading so far today, representing approximately 51,000 underlying shares of ACAT. Below is a chart showing ACAT's trailing twelve month trading history, with the $15 strike highlighted in orange:

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And Caesarstone Ltd ( CSTE) options are showing a volume of 2,065 contracts thus far today. That number of contracts represents approximately 206,500 underlying shares, working out to a sizeable 56% of CSTE's average daily trading volume over the past month, of 368,505 shares. Especially high volume was seen for the $30 strike put option expiring November 18, 2016, with 808 contracts trading so far today, representing approximately 80,800 underlying shares of CSTE. Below is a chart showing CSTE's trailing twelve month trading history, with the $30 strike highlighted in orange:

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For the various different available expirations for EVC options, ACAT options, or CSTE options, visit StockOptionsChannel.com.

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