Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Apache Corp (NASDAQ:APA), where a total volume of 59,136 contracts has been traded thus far today, a contract volume which is representative of approximately 5.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.6% of APA's average daily trading volume over the past month, of 10.1 million shares. Particularly high volume was seen for the $15 strike put option expiring September 18, 2020, with 7,079 contracts trading so far today, representing approximately 707,900 underlying shares of APA. Below is a chart showing APA's trailing twelve month trading history, with the $15 strike highlighted in orange:
Laboratory Corporation of America Holdings (NYSE:LH) saw options trading volume of 4,213 contracts, representing approximately 421,300 underlying shares or approximately 50% of LH's average daily trading volume over the past month, of 843,045 shares.
Particularly high volume was seen for the $180 strike call option expiring August 21, 2020, with 1,375 contracts trading so far today, representing approximately 137,500 underlying shares of LH. Below is a chart showing LH's trailing twelve month trading history, with the $180 strike highlighted in orange:
And Advance Auto Parts Inc (NYSE:AAP) options are showing a volume of 3,719 contracts thus far today. That number of contracts represents approximately 371,900 underlying shares, working out to a sizeable 47.3% of AAP's average daily trading volume over the past month, of 786,235 shares.
Particularly high volume was seen for the $150 strike call option expiring September 18, 2020, with 2,049 contracts trading so far today, representing approximately 204,900 underlying shares of AAP. Below is a chart showing AAP's trailing twelve month trading history, with the $150 strike highlighted in orange:
This Article's Word Cloud:ArialBelowParticularlyStockStrikeafterLeftLabelsapproximatelyaverageaxisColorbackgroundbeforeLeftLabelsbkgImagebnkinvestbottomBufferbottomLabelsbottomTableHeightchartchartBackgroundColorclientIdcontractsdailydocumentexpiringfillBelowLinefillColorfontFacefontSizegridBackgroundColorgridColorgridLocationheighthighhighlightedhistorylabelColorlabelSideleftleftBufferleftLabelsEverymonthoptionsrepresentingsharesshowingstriketodaytradingunderlyingvolumewith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.