Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Abercrombie & Fitch Co. (NYSE: ANF), where a total volume of 22,999 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.7% of ANF's average daily trading volume over the past month, of 4.3 million shares. Especially high volume was seen for the $16.50 strike put option expiring September 23, 2016, with 7,242 contracts trading so far today, representing approximately 724,200 underlying shares of ANF. Below is a chart showing ANF's trailing twelve month trading history, with the $16.50 strike highlighted in orange:
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