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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Align Technology Inc (Symbol: ALGN), where a total volume of 7,300 contracts has been traded thus far today, a contract volume which is representative of approximately 730,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 87.7% of ALGN's average daily trading volume over the past month, of 832,685 shares. Especially high volume was seen for the $220 strike put option expiring August 16, 2024, with 1,252 contracts trading so far today, representing approximately 125,200 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $220 strike highlighted in orange:

W.W. Grainger Inc. (Symbol: GWW) options are showing a volume of 2,210 contracts thus far today. That number of contracts represents approximately 221,000 underlying shares, working out to a sizeable 83.8% of GWW's average daily trading volume over the past month, of 263,665 shares. Especially high volume was seen for the $900 strike call option expiring July 19, 2024, with 640 contracts trading so far today, representing approximately 64,000 underlying shares of GWW. Below is a chart showing GWW's trailing twelve month trading history, with the $900 strike highlighted in orange:

And e.l.f. Beauty Inc (Symbol: ELF) options are showing a volume of 12,177 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 80.8% of ELF's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $180 strike put option expiring July 26, 2024, with 1,299 contracts trading so far today, representing approximately 129,900 underlying shares of ELF. Below is a chart showing ELF's trailing twelve month trading history, with the $180 strike highlighted in orange:

For the various different available expirations for ALGN options, GWW options, or ELF options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

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