UnitedHealth Group Becomes Oversold Thursday, September 26, 11:30 AM ET, by Market News Video Staff The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...
Notable Thursday Option Activity: UNH, PAYC, PM
By Market News Video Staff, Thursday, September 19, 3:22 PM ET
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in UnitedHealth Group Inc (NYSE:UNH), where a total volume of 16,831 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 43.4% of UNH's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $235 strike call option expiring September 20, 2019, with 1,770 contracts trading so far today, representing approximately 177,000 underlying shares of UNH. Below is a chart showing UNH's trailing twelve month trading history, with the $235 strike highlighted in orange:
Paycom Software Inc (NYSE:PAYC) saw options trading volume of 2,939 contracts, representing approximately 293,900 underlying shares or approximately 42.5% of PAYC's average daily trading volume over the past month, of 691,255 shares.
Particularly high volume was seen for the $220 strike call option expiring September 20, 2019, with 394 contracts trading so far today, representing approximately 39,400 underlying shares of PAYC. Below is a chart showing PAYC's trailing twelve month trading history, with the $220 strike highlighted in orange:
And Philip Morris International Inc (NYSE:PM) options are showing a volume of 39,992 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 41.6% of PM's average daily trading volume over the past month, of 9.6 million shares.
Especially high volume was seen for the $80 strike call option expiring October 18, 2019, with 4,847 contracts trading so far today, representing approximately 484,700 underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $80 strike highlighted in orange:
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