Notable Monday Option Activity: ZGNX, LORL, FLXN

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Zogenix Inc. (ZGNX), where a total volume of 7,144 contracts has been traded thus far today, a contract volume which is representative of approximately 714,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 93.8% of ZGNX's average daily trading volume over the past month, of 761,565 shares. Especially high volume was seen for the $15 strike call option expiring October 20, 2017, with 1,838 contracts trading so far today, representing approximately 183,800 underlying shares of ZGNX. Below is a chart showing ZGNX's trailing twelve month trading history, with the $15 strike highlighted in orange:

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Loral Space & Communications Inc ( LORL) saw options trading volume of 355 contracts, representing approximately 35,500 underlying shares or approximately 90.8% of LORL's average daily trading volume over the past month, of 39,095 shares. Especially high volume was seen for the $50 strike call option expiring November 17, 2017, with 165 contracts trading so far today, representing approximately 16,500 underlying shares of LORL. Below is a chart showing LORL's trailing twelve month trading history, with the $50 strike highlighted in orange:

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And Flexion Therapeutics, Inc. ( FLXN) saw options trading volume of 3,923 contracts, representing approximately 392,300 underlying shares or approximately 83.2% of FLXN's average daily trading volume over the past month, of 471,725 shares. Particularly high volume was seen for the $20 strike put option expiring October 20, 2017, with 1,262 contracts trading so far today, representing approximately 126,200 underlying shares of FLXN. Below is a chart showing FLXN's trailing twelve month trading history, with the $20 strike highlighted in orange:

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For the various different available expirations for ZGNX options, LORL options, or FLXN options, visit StockOptionsChannel.com.

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