Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Chipotle Mexican Grill Inc (NYSE: CMG), where a total volume of 5,334 contracts has been traded thus far today, a contract volume which is representative of approximately 533,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 157.9% of CMG's average daily trading volume over the past month, of 337,860 shares. Particularly high volume was seen for the $660 strike put option expiring March 27, 2015, with 286 contracts trading so far today, representing approximately 28,600 underlying shares of CMG. Below is a chart showing CMG's trailing twelve month trading history, with the $660 strike highlighted in orange:
Red Hat Inc (NYSE: RHT) saw options trading volume of 18,266 contracts, representing approximately 1.8 million underlying shares or approximately 147.3% of RHT's average daily trading volume over the past month, of 1.2 million shares.
Especially high volume was seen for the $72.50 strike call option expiring April 17, 2015, with 4,163 contracts trading so far today, representing approximately 416,300 underlying shares of RHT. Below is a chart showing RHT's trailing twelve month trading history, with the $72.50 strike highlighted in orange:
And SanDisk Corp. (NASD: SNDK) options are showing a volume of 54,154 contracts thus far today. That number of contracts represents approximately 5.4 million underlying shares, working out to a sizeable 137% of SNDK's average daily trading volume over the past month, of 4.0 million shares.
Particularly high volume was seen for the $67 strike call option expiring April 02, 2015, with 4,200 contracts trading so far today, representing approximately 420,000 underlying shares of SNDK. Below is a chart showing SNDK's trailing twelve month trading history, with the $67 strike highlighted in orange:
For the various different available expirations for CMG options, RHT options, or SNDK options, visit StockOptionsChannel.com.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes.
