Noteworthy Thursday Option Activity: HAS, GNC, SAM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Hasbro, Inc. (HAS), where a total volume of 6,892 contracts has been traded thus far today, a contract volume which is representative of approximately 689,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 56.5% of HAS's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $94 strike put option expiring January 19, 2018, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of HAS. Below is a chart showing HAS's trailing twelve month trading history, with the $94 strike highlighted in orange:

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GNC Holdings Inc ( GNC) saw options trading volume of 24,447 contracts, representing approximately 2.4 million underlying shares or approximately 55.8% of GNC's average daily trading volume over the past month, of 4.4 million shares. Especially high volume was seen for the $5 strike call option expiring March 16, 2018, with 5,003 contracts trading so far today, representing approximately 500,300 underlying shares of GNC. Below is a chart showing GNC's trailing twelve month trading history, with the $5 strike highlighted in orange:

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And Boston Beer Co Inc ( SAM) options are showing a volume of 793 contracts thus far today. That number of contracts represents approximately 79,300 underlying shares, working out to a sizeable 55.6% of SAM's average daily trading volume over the past month, of 142,510 shares. Particularly high volume was seen for the $170 strike put option expiring February 16, 2018, with 250 contracts trading so far today, representing approximately 25,000 underlying shares of SAM. Below is a chart showing SAM's trailing twelve month trading history, with the $170 strike highlighted in orange:

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For the various different available expirations for HAS options, GNC options, or SAM options, visit StockOptionsChannel.com.

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