Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Walt Disney Co. (NYSE: DIS), where a total volume of 32,546 contracts has been traded thus far today, a contract volume which is representative of approximately 3.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 49.7% of DIS's average daily trading volume over the past month, of 6.5 million shares. Especially high volume was seen for the $93 strike call option expiring September 16, 2016, with 2,510 contracts trading so far today, representing approximately 251,000 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $93 strike highlighted in orange:
Regeneron Pharmaceuticals, Inc. (NASD: REGN) saw options trading volume of 2,837 contracts, representing approximately 283,700 underlying shares or approximately 42.4% of REGN's average daily trading volume over the past month, of 668,510 shares.
Especially high volume was seen for the $405 strike call option expiring September 16, 2016, with 219 contracts trading so far today, representing approximately 21,900 underlying shares of REGN. Below is a chart showing REGN's trailing twelve month trading history, with the $405 strike highlighted in orange:
And American Express Co. (NYSE: AXP) options are showing a volume of 15,220 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 41.1% of AXP's average daily trading volume over the past month, of 3.7 million shares.
Particularly high volume was seen for the $70 strike call option expiring October 21, 2016, with 1,893 contracts trading so far today, representing approximately 189,300 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for DIS options, REGN options, or AXP 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.
