Notable Tuesday Option Activity: SHAK, ACI, NDLS
January 11, 2022 at 15:36 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Shake Shack Inc (SHAK), where a total volume of 10,758 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 152.8% of SHAK's average daily trading volume over the past month, of 704,035 shares..