Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in TrueCar Inc (TRUE - Get Report), where a total volume of 3,296 contracts has been traded thus far today, a contract volume which is representative of approximately 329,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.2% of TRUE's average daily trading volume over the past month, of 566,420 shares. Especially high volume was seen for the $12.50 strike call option expiring April 21, 2017, with 3,108 contracts trading so far today, representing approximately 310,800 underlying shares of TRUE. Below is a chart showing TRUE's trailing twelve month trading history, with the $12.50 strike highlighted in orange:Nordstrom, Inc. ( JWN) options are showing a volume of 18,609 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 58.1% of JWN's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $52.50 strike call option expiring February 17, 2017, with 13,197 contracts trading so far today, representing approximately 1.3 million underlying shares of JWN. Below is a chart showing JWN's trailing twelve month trading history, with the $52.50 strike highlighted in orange: And OFG Bancorp ( OFG) options are showing a volume of 2,233 contracts thus far today. That number of contracts represents approximately 223,300 underlying shares, working out to a sizeable 53.9% of OFG's average daily trading volume over the past month, of 414,460 shares. Especially high volume was seen for the $12.50 strike put option expiring May 19, 2017, with 2,233 contracts trading so far today, representing approximately 223,300 underlying shares of OFG. Below is a chart showing OFG's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Kass: 3 Spots of Vulnerability I Would Avoid in This Market
I suggest avoiding all three over the next few months and over the remainder of the year.
Legg Mason to Cut 120 Jobs as Reality Bites With Activist Peltz on Board
An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.
Amazon Is Headed to $3,000 a Share, Says Bullish Piper Jaffray Note
The firm estimates Amazon will cross $3,000 a share sometime between mid-2021 and mid-2022.
HPE's CFO Discusses Impact of Cloud Trends and Lower Memory Prices
During a talk with TheStreet right after its earnings report, CFO Tarek Robbiati talks about how HPE is trying to position itself as cloud infrastructure adoption continues, and what kind of boost it's getting from lower memory prices.
Buy Alibaba Shares on the Dip, Says Stifel, Adding It to Select List
Stifel says long-term trends working in Alibaba's favor are more significant than the trade war between the U.S. and China.