Notable Tuesday Option Activity: URBN, CYH, MOV

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Urban Outfitters, Inc. ( URBN), where a total of 13,339 contracts have traded so far, representing approximately 1.3 million underlying shares. That amounts to about 50.8% of URBN's average daily trading volume over the past month of 2.6 million shares. Particularly high volume was seen for the $32 strike put option expiring November 25, 2016, with 1,131 contracts trading so far today, representing approximately 113,100 underlying shares of URBN. Below is a chart showing URBN's trailing twelve month trading history, with the $32 strike highlighted in orange:

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

Community Health Systems, Inc. ( CYH) options are showing a volume of 53,294 contracts thus far today. That number of contracts represents approximately 5.3 million underlying shares, working out to a sizeable 48.6% of CYH's average daily trading volume over the past month, of 11.0 million shares. Particularly high volume was seen for the $5 strike put option expiring December 16, 2016, with 52,465 contracts trading so far today, representing approximately 5.2 million underlying shares of CYH. Below is a chart showing CYH's trailing twelve month trading history, with the $5 strike highlighted in orange:

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And Movado Group, Inc. ( MOV) saw options trading volume of 459 contracts, representing approximately 45,900 underlying shares or approximately 45.1% of MOV's average daily trading volume over the past month, of 101,690 shares. Particularly high volume was seen for the $26 strike put option expiring December 16, 2016, with 90 contracts trading so far today, representing approximately 9,000 underlying shares of MOV. Below is a chart showing MOV's trailing twelve month trading history, with the $26 strike highlighted in orange:

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