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Notable Wednesday Option Activity: TSLA, KORS, ITW

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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Tesla Motors Inc (NASD: TSLA), where a total of 19,622 contracts have traded so far, representing approximately 2.0 million underlying shares. That amounts to about 60.1% of TSLA's average daily trading volume over the past month of 3.3 million shares. Particularly high volume was seen for the $200 strike call option expiring October 21, 2016, with 2,092 contracts trading so far today, representing approximately 209,200 underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $200 strike highlighted in orange:

Click here to find out Today's Most Active Call & Put Options of the S&P 500 »

Michael Kors Holdings Ltd (NYSE: KORS) saw options trading volume of 11,655 contracts, representing approximately 1.2 million underlying shares or approximately 49.5% of KORS's average daily trading volume over the past month, of 2.4 million shares.

Particularly high volume was seen for the $48 strike call option expiring October 21, 2016, with 1,951 contracts trading so far today, representing approximately 195,100 underlying shares of KORS. Below is a chart showing KORS's trailing twelve month trading history, with the $48 strike highlighted in orange:

And Illinois Tool Works, Inc. (NYSE: ITW) options are showing a volume of 7,613 contracts thus far today. That number of contracts represents approximately 761,300 underlying shares, working out to a sizeable 47.2% of ITW's average daily trading volume over the past month, of 1.6 million shares.

Especially high volume was seen for the $110 strike put option expiring October 21, 2016, with 4,974 contracts trading so far today, representing approximately 497,400 underlying shares of ITW. Below is a chart showing ITW's trailing twelve month trading history, with the $110 strike highlighted in orange:

For the various different available expirations for TSLA options, KORS options, or ITW options, visit StockOptionsChannel.com.


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