Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Pfizer Inc (NYSE:PFE), where a total volume of 104,785 contracts has been traded thus far today, a contract volume which is representative of approximately 10.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.6% of PFE's average daily trading volume over the past month, of 23.0 million shares. Especially high volume was seen for the $37 strike call option expiring September 18, 2020, with 8,149 contracts trading so far today, representing approximately 814,900 underlying shares of PFE. Below is a chart showing PFE's trailing twelve month trading history, with the $37 strike highlighted in orange:
Lennar Corp (NYSE:LEN) saw options trading volume of 9,255 contracts, representing approximately 925,500 underlying shares or approximately 45% of LEN's average daily trading volume over the past month, of 2.1 million shares.
Particularly high volume was seen for the $80 strike call option expiring September 18, 2020, with 949 contracts trading so far today, representing approximately 94,900 underlying shares of LEN. Below is a chart showing LEN's trailing twelve month trading history, with the $80 strike highlighted in orange:
And American Express Co. (NYSE:AXP) saw options trading volume of 17,220 contracts, representing approximately 1.7 million underlying shares or approximately 44.7% of AXP's average daily trading volume over the past month, of 3.9 million shares.
Particularly high volume was seen for the $85 strike put option expiring January 21, 2022, with 2,004 contracts trading so far today, representing approximately 200,400 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $85 strike highlighted in orange:
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