Notable Tuesday Option Activity: EXPR, SAM, TITN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Express, Inc. ( EXPR), where a total volume of 10,730 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 47.8% of EXPR's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $11 strike put option expiring December 16, 2016, with 5,978 contracts trading so far today, representing approximately 597,800 underlying shares of EXPR. Below is a chart showing EXPR's trailing twelve month trading history, with the $11 strike highlighted in orange:

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

Boston Beer Co Inc ( SAM) options are showing a volume of 813 contracts thus far today. That number of contracts represents approximately 81,300 underlying shares, working out to a sizeable 47.2% of SAM's average daily trading volume over the past month, of 172,245 shares. Particularly high volume was seen for the $195 strike call option expiring December 16, 2016, with 296 contracts trading so far today, representing approximately 29,600 underlying shares of SAM. Below is a chart showing SAM's trailing twelve month trading history, with the $195 strike highlighted in orange:

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And Titan Machinery, Inc. ( TITN) options are showing a volume of 457 contracts thus far today. That number of contracts represents approximately 45,700 underlying shares, working out to a sizeable 46.5% of TITN's average daily trading volume over the past month, of 98,230 shares. Especially high volume was seen for the $12.50 strike put option expiring December 16, 2016, with 287 contracts trading so far today, representing approximately 28,700 underlying shares of TITN. Below is a chart showing TITN's trailing twelve month trading history, with the $12.50 strike highlighted in orange:

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