Notable Friday Option Activity: WIRE, DDS, NEO

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Encore Wire Corp. ( WIRE), where a total of 468 contracts have traded so far, representing approximately 46,800 underlying shares. That amounts to about 45.4% of WIRE's average daily trading volume over the past month of 103,135 shares. Especially high volume was seen for the $45 strike call option expiring December 16, 2016, with 262 contracts trading so far today, representing approximately 26,200 underlying shares of WIRE. Below is a chart showing WIRE's trailing twelve month trading history, with the $45 strike highlighted in orange:

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Dillard's Inc. ( DDS) options are showing a volume of 2,163 contracts thus far today. That number of contracts represents approximately 216,300 underlying shares, working out to a sizeable 44.6% of DDS's average daily trading volume over the past month, of 484,840 shares. Particularly high volume was seen for the $70 strike call option expiring December 16, 2016, with 1,000 contracts trading so far today, representing approximately 100,000 underlying shares of DDS. Below is a chart showing DDS's trailing twelve month trading history, with the $70 strike highlighted in orange:

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And NeoGenomics Inc ( NEO) options are showing a volume of 1,803 contracts thus far today. That number of contracts represents approximately 180,300 underlying shares, working out to a sizeable 40.9% of NEO's average daily trading volume over the past month, of 441,185 shares. Particularly high volume was seen for the $7.50 strike call option expiring November 18, 2016, with 900 contracts trading so far today, representing approximately 90,000 underlying shares of NEO. Below is a chart showing NEO's trailing twelve month trading history, with the $7.50 strike highlighted in orange:

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