Noteworthy Thursday Option Activity: GS, MITK, ECHO

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Goldman Sachs Group Inc (GS), where a total volume of 42,062 contracts has been traded thus far today, a contract volume which is representative of approximately 4.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 138% of GS's average daily trading volume over the past month, of 3.0 million shares. Especially high volume was seen for the $260 strike put option expiring December 22, 2017, with 3,209 contracts trading so far today, representing approximately 320,900 underlying shares of GS. Below is a chart showing GS's trailing twelve month trading history, with the $260 strike highlighted in orange:

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Mitek Systems, Inc. ( MITK) saw options trading volume of 3,673 contracts, representing approximately 367,300 underlying shares or approximately 103.4% of MITK's average daily trading volume over the past month, of 355,160 shares. Especially high volume was seen for the $10 strike call option expiring April 20, 2018, with 3,263 contracts trading so far today, representing approximately 326,300 underlying shares of MITK. Below is a chart showing MITK's trailing twelve month trading history, with the $10 strike highlighted in orange:

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And Echo Global Logistics Inc ( ECHO) saw options trading volume of 3,288 contracts, representing approximately 328,800 underlying shares or approximately 71% of ECHO's average daily trading volume over the past month, of 463,205 shares. Especially high volume was seen for the $25 strike put option expiring February 16, 2018, with 1,377 contracts trading so far today, representing approximately 137,700 underlying shares of ECHO. Below is a chart showing ECHO's trailing twelve month trading history, with the $25 strike highlighted in orange:

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For the various different available expirations for GS options, MITK options, or ECHO options, visit StockOptionsChannel.com.

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