High 5 minute load average

I am experiencing high server load repeatedly and have paid someone to go through my server configuration and look for anything that could be improved however in the meantime I have just looked at the latest warning email and specifically the apachestatus.html attachment in it, and I can see a lot of lines that are just the server host name and port 80 i.e.:

149-8

-

0/0/22

.

0.00

25897

0

53056

0.0

0.00

0.61

::1

http/1.1

HOSTNAME:80

OPTIONS * HTTP/1.0

What is this doing? (This is the last line in the log so I assume it means there are 149 connections? or processes?