Notable Tuesday Option Activity: SIG, CSOD, CIA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Signet Jewelers Ltd ( SIG), where a total volume of 10,551 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 101.2% of SIG's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $85 strike put option expiring November 18, 2016, with 3,593 contracts trading so far today, representing approximately 359,300 underlying shares of SIG. Below is a chart showing SIG's trailing twelve month trading history, with the $85 strike highlighted in orange:

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

Cornerstone OnDemand, Inc. ( CSOD) options are showing a volume of 9,040 contracts thus far today. That number of contracts represents approximately 904,000 underlying shares, working out to a sizeable 82.1% of CSOD's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $50 strike call option expiring February 17, 2017, with 5,261 contracts trading so far today, representing approximately 526,100 underlying shares of CSOD. Below is a chart showing CSOD's trailing twelve month trading history, with the $50 strike highlighted in orange:

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And Citizens, Inc. ( CIA) saw options trading volume of 1,568 contracts, representing approximately 156,800 underlying shares or approximately 76.8% of CIA's average daily trading volume over the past month, of 204,150 shares. Particularly high volume was seen for the $10 strike call option expiring November 18, 2016, with 700 contracts trading so far today, representing approximately 70,000 underlying shares of CIA. Below is a chart showing CIA's trailing twelve month trading history, with the $10 strike highlighted in orange:

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