Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PulteGroup Inc (NYSE:PHM), where a total volume of 15,316 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.8% of PHM's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $30 strike put option expiring April 16, 2021, with 3,005 contracts trading so far today, representing approximately 300,500 underlying shares of PHM. Below is a chart showing PHM's trailing twelve month trading history, with the $30 strike highlighted in orange:
Valero Energy Corp (NYSE:VLO) saw options trading volume of 29,060 contracts, representing approximately 2.9 million underlying shares or approximately 59% of VLO's average daily trading volume over the past month, of 4.9 million shares.
Especially high volume was seen for the $50 strike call option expiring December 18, 2020, with 10,271 contracts trading so far today, representing approximately 1.0 million underlying shares of VLO. Below is a chart showing VLO's trailing twelve month trading history, with the $50 strike highlighted in orange:
And C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) saw options trading volume of 5,485 contracts, representing approximately 548,500 underlying shares or approximately 48.5% of CHRW's average daily trading volume over the past month, of 1.1 million shares.
Particularly high volume was seen for the $105 strike call option expiring November 20, 2020, with 2,536 contracts trading so far today, representing approximately 253,600 underlying shares of CHRW. Below is a chart showing CHRW's trailing twelve month trading history, with the $105 strike highlighted in orange:
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