Noteworthy Wednesday Option Activity: PBYI, MBI, XON

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Puma Biotechnology Inc (PBYI), where a total volume of 6,609 contracts has been traded thus far today, a contract volume which is representative of approximately 660,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 89.5% of PBYI's average daily trading volume over the past month, of 738,030 shares. Particularly high volume was seen for the $135 strike call option expiring November 17, 2017, with 3,009 contracts trading so far today, representing approximately 300,900 underlying shares of PBYI. Below is a chart showing PBYI's trailing twelve month trading history, with the $135 strike highlighted in orange:

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MBIA Inc. ( MBI) options are showing a volume of 23,548 contracts thus far today. That number of contracts represents approximately 2.4 million underlying shares, working out to a sizeable 80.6% of MBI's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $7 strike put option expiring May 18, 2018, with 3,150 contracts trading so far today, representing approximately 315,000 underlying shares of MBI. Below is a chart showing MBI's trailing twelve month trading history, with the $7 strike highlighted in orange:

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And Intrexon Corp ( XON) saw options trading volume of 4,090 contracts, representing approximately 409,000 underlying shares or approximately 55.3% of XON's average daily trading volume over the past month, of 739,005 shares. Particularly high volume was seen for the $24 strike call option expiring January 19, 2018, with 3,044 contracts trading so far today, representing approximately 304,400 underlying shares of XON. Below is a chart showing XON's trailing twelve month trading history, with the $24 strike highlighted in orange:

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For the various different available expirations for PBYI options, MBI options, or XON options, visit StockOptionsChannel.com.

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