Noteworthy Wednesday Option Activity: MGPI, AOBC, YELP

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in MGP Ingredients Inc (MGPI), where a total volume of 663 contracts has been traded thus far today, a contract volume which is representative of approximately 66,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.2% of MGPI's average daily trading volume over the past month, of 146,695 shares. Especially high volume was seen for the $65 strike put option expiring February 16, 2018, with 581 contracts trading so far today, representing approximately 58,100 underlying shares of MGPI. Below is a chart showing MGPI's trailing twelve month trading history, with the $65 strike highlighted in orange:

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American Outdoor Brands Corp ( AOBC) options are showing a volume of 10,869 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 44.4% of AOBC's average daily trading volume over the past month, of 2.5 million shares. Especially high volume was seen for the $15 strike call option expiring March 16, 2018, with 4,080 contracts trading so far today, representing approximately 408,000 underlying shares of AOBC. Below is a chart showing AOBC's trailing twelve month trading history, with the $15 strike highlighted in orange:

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And Yelp Inc ( YELP) options are showing a volume of 5,154 contracts thus far today. That number of contracts represents approximately 515,400 underlying shares, working out to a sizeable 44.2% of YELP's average daily trading volume over the past month, of 1.2 million shares. Particularly high volume was seen for the $45 strike call option expiring January 19, 2018, with 1,500 contracts trading so far today, representing approximately 150,000 underlying shares of YELP. Below is a chart showing YELP's trailing twelve month trading history, with the $45 strike highlighted in orange:

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For the various different available expirations for MGPI options, AOBC options, or YELP options, visit StockOptionsChannel.com.

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