Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Business Machines Corp (NYSE:IBM), where a total volume of 16,780 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.7% of IBM's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $138 strike call option expiring June 21, 2019, with 2,289 contracts trading so far today, representing approximately 228,900 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $138 strike highlighted in orange:
Mastercard Inc (NYSE:MA) saw options trading volume of 20,590 contracts, representing approximately 2.1 million underlying shares or approximately 53.1% of MA's average daily trading volume over the past month, of 3.9 million shares.
Especially high volume was seen for the $255 strike put option expiring June 21, 2019, with 2,165 contracts trading so far today, representing approximately 216,500 underlying shares of MA. Below is a chart showing MA's trailing twelve month trading history, with the $255 strike highlighted in orange:
And Intuit Inc (NASDAQ:INTU) saw options trading volume of 7,173 contracts, representing approximately 717,300 underlying shares or approximately 52.4% of INTU's average daily trading volume over the past month, of 1.4 million shares.
Particularly high volume was seen for the $262.50 strike call option expiring July 12, 2019, with 2,272 contracts trading so far today, representing approximately 227,200 underlying shares of INTU. Below is a chart showing INTU's trailing twelve month trading history, with the $262.50 strike highlighted in orange:
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