Notable Wednesday Option Activity: LMOS, BOBE, STLD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Lumos Networks Corp. (LMOS), where a total volume of 2,767 contracts has been traded thus far today, a contract volume which is representative of approximately 276,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 263.3% of LMOS's average daily trading volume over the past month, of 105,080 shares. Especially high volume was seen for the $17.50 strike call option expiring July 21, 2017, with 1,396 contracts trading so far today, representing approximately 139,600 underlying shares of LMOS. Below is a chart showing LMOS's trailing twelve month trading history, with the $17.50 strike highlighted in orange:

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Bob Evans Farms Inc ( BOBE) saw options trading volume of 3,083 contracts, representing approximately 308,300 underlying shares or approximately 100.1% of BOBE's average daily trading volume over the past month, of 307,955 shares. Particularly high volume was seen for the $45 strike put option expiring February 17, 2017, with 1,529 contracts trading so far today, representing approximately 152,900 underlying shares of BOBE. Below is a chart showing BOBE's trailing twelve month trading history, with the $45 strike highlighted in orange:

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And Steel Dynamics Inc. ( STLD) options are showing a volume of 31,248 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 97.6% of STLD's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $43 strike call option expiring May 19, 2017, with 10,126 contracts trading so far today, representing approximately 1.0 million underlying shares of STLD. Below is a chart showing STLD's trailing twelve month trading history, with the $43 strike highlighted in orange:

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For the various different available expirations for LMOS options, BOBE options, or STLD options, visit StockOptionsChannel.com.

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