Notable Friday Option Activity: AN, WING, ECPG

LIn terms of options trading activity among constituents of the Russell 3000 Index, there was notable activity today at AutoNation, Inc. (Symbol: AN), where total volume of 4,387 contracts has been traded so far today, a volume of contracts that is representative of approximately 438,700 underlying shares (given that each contract represents 100 underlying shares). This number equates to 63.8% of AN’s average daily trading volume over the past month, or 688,145 shares. Particularly high volume was seen for the $65 strike put option expiring on August 19, 2022, with 1,132 contracts traded so far today, representing approximately 113,200 underlying AN shares. Below is a chart showing AN’s trading history over the last twelve months, with the $65 strike highlighted in orange:

Wingstop Inc Options (ticker: WING) is showing a volume of 4,877 contracts so far today. This number of contracts represents approximately 487,700 underlying stocks, or 63.7% of WING’s average daily trading volume over the past month, or 765,245 stocks. Particularly high volume was seen for the $80 strike put option expiring August 19, 2022, with 1,590 contracts traded so far today, representing approximately 159,000 underlying WING shares. Below is a chart showing WING’s trading history over the past twelve months, with the $80 strike highlighted in orange:

And Encore Capital Group Inc (Symbol: ECPG) recorded options trading volume of 2,650 contracts, representing approximately 265,000 underlying stocks, or approximately 63.5% of ECPG’s average daily trading volume during the last month, or 417,210 shares. Particularly high volume was seen for the $75 strike put option expiring on December 16, 2022, with 1,088 contracts traded so far today, representing approximately 108,800 of the underlying shares of ECPG. Below is a chart illustrating ECPG’s past twelve month trading history, with the $75 strike highlighted in orange:

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