Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Parker Hannifin Corp. (NYSE: PH), where a total volume of 8,835 contracts has been traded thus far today, a contract volume which is representative of approximately 883,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 77.5% of PH's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $115 strike call option expiring August 21, 2015, with 4,084 contracts trading so far today, representing approximately 408,400 underlying shares of PH. Below is a chart showing PH's trailing twelve month trading history, with the $115 strike highlighted in orange:
Chevron Corporation (NYSE: CVX) options are showing a volume of 58,543 contracts thus far today. That number of contracts represents approximately 5.9 million underlying shares, working out to a sizeable 74% of CVX's average daily trading volume over the past month, of 7.9 million shares.
Especially high volume was seen for the $85.50 strike put option expiring August 14, 2015, with 3,793 contracts trading so far today, representing approximately 379,300 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $85.50 strike highlighted in orange:
And Cablevision Systems Corp. (NYSE: CVC) saw options trading volume of 23,615 contracts, representing approximately 2.4 million underlying shares or approximately 66.6% of CVC's average daily trading volume over the past month, of 3.5 million shares.
Particularly high volume was seen for the $28 strike call option expiring September 18, 2015, with 10,042 contracts trading so far today, representing approximately 1.0 million underlying shares of CVC. Below is a chart showing CVC's trailing twelve month trading history, with the $28 strike highlighted in orange:
For the various different available expirations for PH options, CVX options, or CVC options, visit StockOptionsChannel.com.
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