Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Scientific Games Corp (Symbol: SGMS), where a total volume of 18,249 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 203.1% of SGMS’s average daily trading volume over the past month, of 898,700 shares. Especially high volume was seen for the $60 strike call option expiring February 18, 2022, with 6,005 contracts trading so far today, representing approximately 600,500 underlying shares of SGMS. Below is a chart showing SGMS’s trailing twelve month trading history, with the $60 strike highlighted in orange:

Kohl’s Corp. (Symbol: KSS) saw options trading volume of 91,431 contracts, representing approximately 9.1 million underlying shares or approximately 182.8% of KSS’s average daily trading volume over the past month, of 5.0 million shares.
Especially high volume was seen for the $50 strike put option expiring March 18, 2022, with 9,226 contracts trading so far today, representing approximately 922,600 underlying shares of KSS. Below is a chart showing KSS’s trailing twelve month trading history, with the $50 strike highlighted in orange:

And Zendesk Inc (Symbol: ZEN) options are showing a volume of 27,638 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 182.1% of ZEN’s average daily trading volume over the past month, of 1.5 million shares.
Particularly high volume was seen for the $115 strike call option expiring July 15, 2022, with 10,396 contracts trading so far today, representing approximately 1.0 million underlying shares of ZEN. Below is a chart showing ZEN’s trailing twelve month trading history, with the $115 strike highlighted in orange:

For the various different available expirations for SGMS options, KSS options, or ZEN options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.