Notable Friday Option Activity: EPC, LULU, IBM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Edgewell Personal Care Co (NYSE: EPC), where a total volume of 2,960 contracts has been traded thus far today, a contract volume which is representative of approximately 296,000 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62% of EPC’s average daily trading volume over the past month, of 477,120 shares. Particularly high volume was seen for the $90 strike call option expiring August 19, 2016, with 1,263 contracts trading so far today, representing approximately 126,300 underlying shares of EPC. Below is a chart showing EPC’s trailing twelve month trading history, with the $90 strike highlighted in orange:

http://www.forbes.com/sites/dividendchannel/2016/07/01/notable-friday-option-activity-epc-lulu-ibm/