Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Prologis Inc (NYSE:PLD), where a total volume of 12,528 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.8% of PLD's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $125 strike call option expiring September 17, 2021, with 5,272 contracts trading so far today, representing approximately 527,200 underlying shares of PLD. Below is a chart showing PLD's trailing twelve month trading history, with the $125 strike highlighted in orange:
Walgreens Boots Alliance Inc (NASDAQ:WBA) options are showing a volume of 26,332 contracts thus far today. That number of contracts represents approximately 2.6 million underlying shares, working out to a sizeable 54.7% of WBA's average daily trading volume over the past month, of 4.8 million shares.
Especially high volume was seen for the $45 strike put option expiring January 21, 2022, with 5,010 contracts trading so far today, representing approximately 501,000 underlying shares of WBA. Below is a chart showing WBA's trailing twelve month trading history, with the $45 strike highlighted in orange:
And Lowe's Companies Inc (NYSE:LOW) saw options trading volume of 19,335 contracts, representing approximately 1.9 million underlying shares or approximately 47.8% of LOW's average daily trading volume over the past month, of 4.0 million shares.
Particularly high volume was seen for the $210 strike call option expiring September 17, 2021, with 1,957 contracts trading so far today, representing approximately 195,700 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $210 strike highlighted in orange:
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