Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Albemarle Corp. (NYSE:ALB), where a total volume of 8,613 contracts has been traded thus far today, a contract volume which is representative of approximately 861,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.5% of ALB's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $230 strike put option expiring September 17, 2021, with 3,072 contracts trading so far today, representing approximately 307,200 underlying shares of ALB. Below is a chart showing ALB's trailing twelve month trading history, with the $230 strike highlighted in orange:
Clorox Co (NYSE:CLX) saw options trading volume of 8,309 contracts, representing approximately 830,900 underlying shares or approximately 66.3% of CLX's average daily trading volume over the past month, of 1.3 million shares.
Particularly high volume was seen for the $180 strike call option expiring October 15, 2021, with 1,133 contracts trading so far today, representing approximately 113,300 underlying shares of CLX. Below is a chart showing CLX's trailing twelve month trading history, with the $180 strike highlighted in orange:
And Moderna Inc (NASDAQ:MRNA) options are showing a volume of 115,220 contracts thus far today. That number of contracts represents approximately 11.5 million underlying shares, working out to a sizeable 60.6% of MRNA's average daily trading volume over the past month, of 19.0 million shares.
Especially high volume was seen for the $450 strike call option expiring September 10, 2021, with 8,966 contracts trading so far today, representing approximately 896,600 underlying shares of MRNA. Below is a chart showing MRNA's trailing twelve month trading history, with the $450 strike highlighted in orange:
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