Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sonic Corp. (SONC), where a total volume of 6,244 contracts has been traded thus far today, a contract volume which is representative of approximately 624,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.3% of SONC's average daily trading volume over the past month, of 778,035 shares. Especially high volume was seen for the $25 strike put option expiring January 20, 2017, with 2,636 contracts trading so far today, representing approximately 263,600 underlying shares of SONC. Below is a chart showing SONC's trailing twelve month trading history, with the $25 strike highlighted in orange:Boyd Gaming Corp. ( BYD) options are showing a volume of 9,065 contracts thus far today. That number of contracts represents approximately 906,500 underlying shares, working out to a sizeable 71.4% of BYD's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $17 strike put option expiring January 19, 2018, with 8,849 contracts trading so far today, representing approximately 884,900 underlying shares of BYD. Below is a chart showing BYD's trailing twelve month trading history, with the $17 strike highlighted in orange: And Box Inc ( BOX) saw options trading volume of 5,961 contracts, representing approximately 596,100 underlying shares or approximately 68.4% of BOX's average daily trading volume over the past month, of 871,810 shares. Particularly high volume was seen for the $14 strike call option expiring January 20, 2017, with 5,751 contracts trading so far today, representing approximately 575,100 underlying shares of BOX. Below is a chart showing BOX's trailing twelve month trading history, with the $14 strike highlighted in orange:
More from Stocks
Trump Raises Tariffs on Chinese Goods in Retaliation for Beijing's Latest Move
President tweets tariffs to rise to 30% on $250 billion in goods starting Oct. 1; Tariffs on $300 billion in goods set to begin Sept. 1, raised to 15%.
Stocks End Sharply Lower as Trump and China Escalate Trade War
Stocks end sharply lower as President Trump "orders" American companies to look for an "alternative to China" after Beijing says it will institute retaliatory tariffs. Dispute overshadows Fed Chairman Powell's address at Jackson Hole conference.
Apple Gets Hit on Trump's Tweet Telling U.S. Firms Not to Make Goods in China
Apple is 'aggressively' looking to shift its supply chain away from China as a result of the trade tensions, according to an analyst.
Why Fed's Powell Couldn't Save U.S. Stocks -- How to Invest Going Forward
The net effect of all current developments on stocks is currently seen as negative. Here's how to act moving forward.