Notable Wednesday Option Activity: RGR, LOPE, SHAK

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Sturm, Ruger & Co., Inc. ( RGR), where a total of 3,238 contracts have traded so far, representing approximately 323,800 underlying shares. That amounts to about 167.9% of RGR's average daily trading volume over the past month of 192,855 shares. Especially high volume was seen for the $75 strike call option expiring December 16, 2016, with 654 contracts trading so far today, representing approximately 65,400 underlying shares of RGR. Below is a chart showing RGR's trailing twelve month trading history, with the $75 strike highlighted in orange:

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Today's Most Active Call & Put Options of the S&P 500 »

Grand Canyon Education Inc ( LOPE) saw options trading volume of 4,108 contracts, representing approximately 410,800 underlying shares or approximately 127.5% of LOPE's average daily trading volume over the past month, of 322,160 shares. Especially high volume was seen for the $50 strike put option expiring December 16, 2016, with 3,405 contracts trading so far today, representing approximately 340,500 underlying shares of LOPE. Below is a chart showing LOPE's trailing twelve month trading history, with the $50 strike highlighted in orange:

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And Shake Shack Inc ( SHAK) options are showing a volume of 5,189 contracts thus far today. That number of contracts represents approximately 518,900 underlying shares, working out to a sizeable 101.2% of SHAK's average daily trading volume over the past month, of 512,890 shares. Particularly high volume was seen for the $30 strike put option expiring November 11, 2016, with 802 contracts trading so far today, representing approximately 80,200 underlying shares of SHAK. Below is a chart showing SHAK's trailing twelve month trading history, with the $30 strike highlighted in orange:

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