Noteworthy Monday Option Activity: DPZ, SFM, TXT

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Dominos Pizza Inc. (NYSE: DPZ), where a total volume of 5,302 contracts has been traded thus far today, a contract volume which is representative of approximately 530,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 76.2% of DPZ’s average daily trading volume over the past month, of 696,255 shares. Particularly high volume was seen for the $120 strike call option expiring September 16, 2016, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of DPZ. Below is a chart showing DPZ’s trailing twelve month trading history, with the $120 strike highlighted in orange:

http://www.forbes.com/sites/dividendchannel/2016/07/11/noteworthy-monday-option-activity-dpz-sfm-txt/