Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Caesars Entertainment Inc (NASDAQ:CZR), where a total volume of 20,020 contracts has been traded thus far today, a contract volume which is representative of approximately 2.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.6% of CZR's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $100 strike call option expiring January 21, 2022, with 4,409 contracts trading so far today, representing approximately 440,900 underlying shares of CZR. Below is a chart showing CZR's trailing twelve month trading history, with the $100 strike highlighted in orange:
PVH Corp (NYSE:PVH) options are showing a volume of 5,046 contracts thus far today. That number of contracts represents approximately 504,600 underlying shares, working out to a sizeable 57.7% of PVH's average daily trading volume over the past month, of 874,400 shares.
Especially high volume was seen for the $115 strike call option expiring July 16, 2021, with 2,530 contracts trading so far today, representing approximately 253,000 underlying shares of PVH. Below is a chart showing PVH's trailing twelve month trading history, with the $115 strike highlighted in orange:
And CME Group (NASDAQ:CME) options are showing a volume of 5,365 contracts thus far today. That number of contracts represents approximately 536,500 underlying shares, working out to a sizeable 54.2% of CME's average daily trading volume over the past month, of 989,540 shares.
Particularly high volume was seen for the $110 strike put option expiring December 17, 2021, with 3,856 contracts trading so far today, representing approximately 385,600 underlying shares of CME. Below is a chart showing CME's trailing twelve month trading history, with the $110 strike highlighted in orange:
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