Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Home Depot Inc (NYSE:HD), where a total volume of 19,889 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 52% of HD's average daily trading volume over the past month, of 3.8 million shares. Particularly high volume was seen for the $290 strike call option expiring February 19, 2021, with 886 contracts trading so far today, representing approximately 88,600 underlying shares of HD. Below is a chart showing HD's trailing twelve month trading history, with the $290 strike highlighted in orange:
Lockheed Martin Corp (NYSE:LMT) saw options trading volume of 9,990 contracts, representing approximately 999,000 underlying shares or approximately 51.8% of LMT's average daily trading volume over the past month, of 1.9 million shares.
Especially high volume was seen for the $345 strike call option expiring January 22, 2021, with 1,007 contracts trading so far today, representing approximately 100,700 underlying shares of LMT. Below is a chart showing LMT's trailing twelve month trading history, with the $345 strike highlighted in orange:
And C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) options are showing a volume of 5,571 contracts thus far today. That number of contracts represents approximately 557,100 underlying shares, working out to a sizeable 51.1% of CHRW's average daily trading volume over the past month, of 1.1 million shares.
Especially high volume was seen for the $105 strike call option expiring February 19, 2021, with 2,320 contracts trading so far today, representing approximately 232,000 underlying shares of CHRW. Below is a chart showing CHRW's trailing twelve month trading history, with the $105 strike highlighted in orange:
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