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Noteworthy Monday Option Activity: RHT, USB, UNP

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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Red Hat Inc (NYSE: RHT), where a total volume of 8,614 contracts has been traded thus far today, a contract volume which is representative of approximately 861,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 75.6% of RHT's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $80 strike call option expiring January 20, 2017, with 4,014 contracts trading so far today, representing approximately 401,400 underlying shares of RHT. Below is a chart showing RHT's trailing twelve month trading history, with the $80 strike highlighted in orange:

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

U.S. Bancorp (NYSE: USB) options are showing a volume of 25,429 contracts thus far today. That number of contracts represents approximately 2.5 million underlying shares, working out to a sizeable 48% of USB's average daily trading volume over the past month, of 5.3 million shares.

Especially high volume was seen for the $46 strike call option expiring November 18, 2016, with 9,932 contracts trading so far today, representing approximately 993,200 underlying shares of USB. Below is a chart showing USB's trailing twelve month trading history, with the $46 strike highlighted in orange:

And Union Pacific Corp (NYSE: UNP) saw options trading volume of 12,906 contracts, representing approximately 1.3 million underlying shares or approximately 43.6% of UNP's average daily trading volume over the past month, of 3.0 million shares.

Particularly high volume was seen for the $80 strike call option expiring December 16, 2016, with 1,563 contracts trading so far today, representing approximately 156,300 underlying shares of UNP. Below is a chart showing UNP's trailing twelve month trading history, with the $80 strike highlighted in orange:

For the various different available expirations for RHT options, USB options, or UNP options, visit StockOptionsChannel.com.


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