Notable Wednesday Option Activity: XENT, FRO, NAT

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Intersect ENT, Inc. ( XENT), where a total of 12,000 contracts have traded so far, representing approximately 1.2 million underlying shares. That amounts to about 205.4% of XENT's average daily trading volume over the past month of 584,110 shares. Particularly high volume was seen for the $10 strike call option expiring December 16, 2016, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of XENT. Below is a chart showing XENT's trailing twelve month trading history, with the $10 strike highlighted in orange:

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Frontline Ltd ( FRO) options are showing a volume of 6,240 contracts thus far today. That number of contracts represents approximately 624,000 underlying shares, working out to a sizeable 86.1% of FRO's average daily trading volume over the past month, of 725,110 shares. Especially high volume was seen for the $8 strike call option expiring November 18, 2016, with 1,172 contracts trading so far today, representing approximately 117,200 underlying shares of FRO. Below is a chart showing FRO's trailing twelve month trading history, with the $8 strike highlighted in orange:

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And Nordic American Tankers Ltd ( NAT) options are showing a volume of 16,052 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 75.4% of NAT's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $10 strike call option expiring November 18, 2016, with 5,269 contracts trading so far today, representing approximately 526,900 underlying shares of NAT. Below is a chart showing NAT's trailing twelve month trading history, with the $10 strike highlighted in orange:

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For the various different available expirations for XENT options, FRO options, or NAT options, visit StockOptionsChannel.com.

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