Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Ulta Beauty Inc (NASDAQ:ULTA), where a total volume of 4,087 contracts has been traded thus far today, a contract volume which is representative of approximately 408,700 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48% of ULTA's average daily trading volume over the past month, of 851,955 shares. Particularly high volume was seen for the $320 strike put option expiring July 09, 2021, with 310 contracts trading so far today, representing approximately 31,000 underlying shares of ULTA. Below is a chart showing ULTA's trailing twelve month trading history, with the $320 strike highlighted in orange:
Lowe's Companies Inc (NYSE:LOW) saw options trading volume of 17,002 contracts, representing approximately 1.7 million underlying shares or approximately 41.3% of LOW's average daily trading volume over the past month, of 4.1 million shares.
Particularly high volume was seen for the $175 strike put option expiring July 16, 2021, with 3,002 contracts trading so far today, representing approximately 300,200 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $175 strike highlighted in orange:
And Lennar Corp (NYSE:LEN) options are showing a volume of 11,019 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 40.4% of LEN's average daily trading volume over the past month, of 2.7 million shares.
Particularly high volume was seen for the $99 strike call option expiring July 16, 2021, with 2,114 contracts trading so far today, representing approximately 211,400 underlying shares of LEN. Below is a chart showing LEN's trailing twelve month trading history, with the $99 strike highlighted in orange:
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