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Noteworthy Tuesday Option Activity: ACRE, ECPG, PPG Stock Options Channel Staff - Tuesday, July 20, 3:37 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Ares Commercial Real Estate Corp (ACRE), where a total volume of 3,024 contracts has been traded thus far today, a contract volume which is representative of approximately 302,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.2% of ACRE's average daily trading volume over the past month, of 716,970 shares. Especially high volume was seen for the $17.50 strike call option expiring February 18, 2022, with 1,604 contracts trading so far today, representing approximately 160,400 underlying shares of ACRE. Below is a chart showing ACRE's trailing twelve month trading history, with the $17.50 strike highlighted in orange:
Encore Capital Group Inc (ECPG) saw options trading volume of 630 contracts, representing approximately 63,000 underlying shares or approximately 42% of ECPG's average daily trading volume over the past month, of 150,010 shares. Particularly high volume was seen for the $45 strike put option expiring December 17, 2021, with 451 contracts trading so far today, representing approximately 45,100 underlying shares of ECPG. Below is a chart showing ECPG's trailing twelve month trading history, with the $45 strike highlighted in orange:
And PPG Industries Inc (PPG) saw options trading volume of 4,324 contracts, representing approximately 432,400 underlying shares or approximately 41.9% of PPG's average daily trading volume over the past month, of 1.0 million shares. Particularly high volume was seen for the $180 strike call option expiring November 19, 2021, with 300 contracts trading so far today, representing approximately 30,000 underlying shares of PPG. Below is a chart showing PPG's trailing twelve month trading history, with the $180 strike highlighted in orange:
For the various different available expirations for ACRE options, ECPG options, or PPG options, visit StockOptionsChannel.com.
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