Noteworthy Monday Option Activity: TUES, TIF, PNRA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Tuesday Morning Corp. ( TUES), where a total volume of 2,150 contracts has been traded thus far today, a contract volume which is representative of approximately 215,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.8% of TUES's average daily trading volume over the past month, of 423,470 shares. Particularly high volume was seen for the $5 strike put option expiring December 16, 2016, with 1,075 contracts trading so far today, representing approximately 107,500 underlying shares of TUES. Below is a chart showing TUES's trailing twelve month trading history, with the $5 strike highlighted in orange:

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Tiffany & Co. ( TIF) options are showing a volume of 7,437 contracts thus far today. That number of contracts represents approximately 743,700 underlying shares, working out to a sizeable 45.8% of TIF's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $82 strike call option expiring December 02, 2016, with 2,056 contracts trading so far today, representing approximately 205,600 underlying shares of TIF. Below is a chart showing TIF's trailing twelve month trading history, with the $82 strike highlighted in orange:

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And Panera Bread Co ( PNRA) options are showing a volume of 2,272 contracts thus far today. That number of contracts represents approximately 227,200 underlying shares, working out to a sizeable 43.2% of PNRA's average daily trading volume over the past month, of 526,295 shares. Especially high volume was seen for the $185 strike put option expiring February 17, 2017, with 1,660 contracts trading so far today, representing approximately 166,000 underlying shares of PNRA. Below is a chart showing PNRA's trailing twelve month trading history, with the $185 strike highlighted in orange:

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