Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Priceline Group Inc. (NASD: PCLN), where a total volume of 25,625 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 287.8% of PCLN's average daily trading volume over the past month, of 890,525 shares. Especially high volume was seen for the $1190 strike put option expiring February 27, 2015, with 1,415 contracts trading so far today, representing approximately 141,500 underlying shares of PCLN. Below is a chart showing PCLN's trailing twelve month trading history, with the $1190 strike highlighted in orange:
Computer Sciences Corp. (NYSE: CSC) saw options trading volume of 42,174 contracts, representing approximately 4.2 million underlying shares or approximately 229.6% of CSC's average daily trading volume over the past month, of 1.8 million shares.
Particularly high volume was seen for the $85 strike call option expiring March 20, 2015, with 15,283 contracts trading so far today, representing approximately 1.5 million underlying shares of CSC. Below is a chart showing CSC's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Apple Inc (NASD: AAPL) options are showing a volume of 1.1 million contracts thus far today. That number of contracts represents approximately 106.8 million underlying shares, working out to a sizeable 166.9% of AAPL's average daily trading volume over the past month, of 64.0 million shares.
Particularly high volume was seen for the $130 strike call option expiring March 20, 2015, with 39,681 contracts trading so far today, representing approximately 4.0 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $130 strike highlighted in orange:
For the various different available expirations for PCLN options, CSC options, or AAPL 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.
