Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Adobe Inc (NASDAQ:ADBE), where a total volume of 15,911 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 65.9% of ADBE's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $280 strike call option expiring June 14, 2019, with 1,206 contracts trading so far today, representing approximately 120,600 underlying shares of ADBE. Below is a chart showing ADBE's trailing twelve month trading history, with the $280 strike highlighted in orange:
Illumina Inc (NASDAQ:ILMN) saw options trading volume of 4,712 contracts, representing approximately 471,200 underlying shares or approximately 56.2% of ILMN's average daily trading volume over the past month, of 838,425 shares.
Particularly high volume was seen for the $370 strike call option expiring July 19, 2019, with 953 contracts trading so far today, representing approximately 95,300 underlying shares of ILMN. Below is a chart showing ILMN's trailing twelve month trading history, with the $370 strike highlighted in orange:
And Intuitive Surgical Inc (NASDAQ:ISRG) options are showing a volume of 3,808 contracts thus far today. That number of contracts represents approximately 380,800 underlying shares, working out to a sizeable 52.5% of ISRG's average daily trading volume over the past month, of 725,555 shares.
Especially high volume was seen for the $230 strike put option expiring January 15, 2021, with 324 contracts trading so far today, representing approximately 32,400 underlying shares of ISRG. Below is a chart showing ISRG's trailing twelve month trading history, with the $230 strike highlighted in orange:
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