Notable Wednesday Option Activity: MTW, ECHO, XOM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Manitowoc Company Inc (NYSE:MTW), where a total volume of 3,422 contracts has been traded thus far today, a contract volume which is representative of approximately 342,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 101.9% of MTW's average daily trading volume over the past month, of 335,710 shares. Particularly high volume was seen for the $23 strike call option expiring June 18, 2021, with 1,610 contracts trading so far today, representing approximately 161,000 underlying shares of MTW. Below is a chart showing MTW's trailing twelve month trading history, with the $23 strike highlighted in orange:

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Echo Global Logistics Inc (ECHO) options are showing a volume of 1,440 contracts thus far today. That number of contracts represents approximately 144,000 underlying shares, working out to a sizeable 100.9% of ECHO's average daily trading volume over the past month, of 142,660 shares. Particularly high volume was seen for the $35 strike call option expiring May 21, 2021, with 1,075 contracts trading so far today, representing approximately 107,500 underlying shares of ECHO. Below is a chart showing ECHO's trailing twelve month trading history, with the $35 strike highlighted in orange:

And Exxon Mobil Corp (NYSE:XOM) saw options trading volume of 219,240 contracts, representing approximately 21.9 million underlying shares or approximately 100.5% of XOM's average daily trading volume over the past month, of 21.8 million shares. Particularly high volume was seen for the $61 strike call option expiring May 07, 2021, with 16,099 contracts trading so far today, representing approximately 1.6 million underlying shares of XOM. Below is a chart showing XOM's trailing twelve month trading history, with the $61 strike highlighted in orange:

For the various different available expirations for MTW options, ECHO options, or XOM options, visit StockOptionsChannel.com.