Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Public Service Enterprise Group Inc (NYSE: PEG), where a total volume of 12,012 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.9% of PEG's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $45 strike put option expiring August 19, 2016, with 11,119 contracts trading so far today, representing approximately 1.1 million underlying shares of PEG. Below is a chart showing PEG's trailing twelve month trading history, with the $45 strike highlighted in orange:
International Business Machines Corp. (NYSE: IBM) options are showing a volume of 15,884 contracts thus far today. That number of contracts represents approximately 1.6 million underlying shares, working out to a sizeable 42.5% of IBM's average daily trading volume over the past month, of 3.7 million shares.
Particularly high volume was seen for the $165 strike call option expiring August 19, 2016, with 5,504 contracts trading so far today, representing approximately 550,400 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $165 strike highlighted in orange:
And Coca-Cola Co (NYSE: KO) options are showing a volume of 42,897 contracts thus far today. That number of contracts represents approximately 4.3 million underlying shares, working out to a sizeable 40.2% of KO's average daily trading volume over the past month, of 10.7 million shares.
Particularly high volume was seen for the $45 strike put option expiring July 29, 2016, with 11,328 contracts trading so far today, representing approximately 1.1 million underlying shares of KO. Below is a chart showing KO's trailing twelve month trading history, with the $45 strike highlighted in orange:
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