Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Flowserve Corp (NYSE:FLS), where a total volume of 3,401 contracts has been traded thus far today, a contract volume which is representative of approximately 340,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58% of FLS's average daily trading volume over the past month, of 585,935 shares. Especially high volume was seen for the $45 strike put option expiring February 21, 2020, with 889 contracts trading so far today, representing approximately 88,900 underlying shares of FLS. Below is a chart showing FLS's trailing twelve month trading history, with the $45 strike highlighted in orange:
Bank of New York Mellon Corp (NYSE:BK) options are showing a volume of 18,545 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 55.3% of BK's average daily trading volume over the past month, of 3.4 million shares.
Particularly high volume was seen for the $48.50 strike call option expiring February 28, 2020, with 2,010 contracts trading so far today, representing approximately 201,000 underlying shares of BK. Below is a chart showing BK's trailing twelve month trading history, with the $48.50 strike highlighted in orange:
And American Express Co. (NYSE:AXP) options are showing a volume of 15,402 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 54.2% of AXP's average daily trading volume over the past month, of 2.8 million shares.
Especially high volume was seen for the $131 strike call option expiring January 31, 2020, with 4,015 contracts trading so far today, representing approximately 401,500 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $131 strike highlighted in orange:
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