Notable Thursday Option Activity: CVGW, VRTV, RH

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Calavo Growers, Inc. ( CVGW), where a total volume of 1,064 contracts has been traded thus far today, a contract volume which is representative of approximately 106,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.2% of CVGW's average daily trading volume over the past month, of 141,550 shares. Especially high volume was seen for the $60 strike put option expiring April 21, 2017, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of CVGW. Below is a chart showing CVGW's trailing twelve month trading history, with the $60 strike highlighted in orange:

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

Veritiv Corp ( VRTV) saw options trading volume of 353 contracts, representing approximately 35,300 underlying shares or approximately 69.8% of VRTV's average daily trading volume over the past month, of 50,565 shares. Particularly high volume was seen for the $60 strike put option expiring November 18, 2016, with 280 contracts trading so far today, representing approximately 28,000 underlying shares of VRTV. Below is a chart showing VRTV's trailing twelve month trading history, with the $60 strike highlighted in orange:

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And Restoration Hardware Holdings, Inc. ( RH) options are showing a volume of 9,434 contracts thus far today. That number of contracts represents approximately 943,400 underlying shares, working out to a sizeable 63% of RH's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $35 strike call option expiring November 18, 2016, with 7,072 contracts trading so far today, representing approximately 707,200 underlying shares of RH. Below is a chart showing RH's trailing twelve month trading history, with the $35 strike highlighted in orange:

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