Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Invesco Mortgage Capital Inc (IVR), where a total volume of 77,593 contracts has been traded thus far today, a contract volume which is representative of approximately 7.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 126.5% of IVR's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $3.50 strike call option expiring January 20, 2023, with 59,652 contracts trading so far today, representing approximately 6.0 million underlying shares of IVR. Below is a chart showing IVR's trailing twelve month trading history, with the $3.50 strike highlighted in orange:

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Today's Most Active Call & Put Options of the S&P 500 »

GUESS ?, Inc. (GES) options are showing a volume of 11,874 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 122.1% of GES's average daily trading volume over the past month, of 972,375 shares. Particularly high volume was seen for the $17 strike call option expiring June 17, 2022, with 5,945 contracts trading so far today, representing approximately 594,500 underlying shares of GES. Below is a chart showing GES's trailing twelve month trading history, with the $17 strike highlighted in orange:

And PetIQ Inc (PETQ) saw options trading volume of 4,317 contracts, representing approximately 431,700 underlying shares or approximately 113% of PETQ's average daily trading volume over the past month, of 382,100 shares. Particularly high volume was seen for the $10 strike put option expiring July 15, 2022, with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of PETQ. Below is a chart showing PETQ's trailing twelve month trading history, with the $10 strike highlighted in orange: