Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Procter & Gamble Company (NYSE:PG), where a total volume of 51,593 contracts has been traded thus far today, a contract volume which is representative of approximately 5.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.8% of PG's average daily trading volume over the past month, of 6.2 million shares. Particularly high volume was seen for the $140 strike call option expiring October 22, 2021, with 8,285 contracts trading so far today, representing approximately 828,500 underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $140 strike highlighted in orange:
Enphase Energy Inc. (NASDAQ:ENPH) saw options trading volume of 13,605 contracts, representing approximately 1.4 million underlying shares or approximately 75.9% of ENPH's average daily trading volume over the past month, of 1.8 million shares.
Especially high volume was seen for the $170 strike put option expiring February 18, 2022, with 742 contracts trading so far today, representing approximately 74,200 underlying shares of ENPH. Below is a chart showing ENPH's trailing twelve month trading history, with the $170 strike highlighted in orange:
And Deere & Co. (NYSE:DE) options are showing a volume of 10,902 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 72.9% of DE's average daily trading volume over the past month, of 1.5 million shares.
Particularly high volume was seen for the $210 strike put option expiring October 29, 2021, with 1,200 contracts trading so far today, representing approximately 120,000 underlying shares of DE. Below is a chart showing DE's trailing twelve month trading history, with the $210 strike highlighted in orange:
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