Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Linear Technology Corp. (NASD: LLTC), where a total volume of 8,026 contracts has been traded thus far today, a contract volume which is representative of approximately 802,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.2% of LLTC's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $55 strike call option expiring August 19, 2016, with 1,600 contracts trading so far today, representing approximately 160,000 underlying shares of LLTC. Below is a chart showing LLTC's trailing twelve month trading history, with the $55 strike highlighted in orange:
Norfolk Southern Corp. (NYSE: NSC) saw options trading volume of 6,186 contracts, representing approximately 618,600 underlying shares or approximately 40.8% of NSC's average daily trading volume over the past month, of 1.5 million shares.
Especially high volume was seen for the $90 strike call option expiring August 19, 2016, with 4,092 contracts trading so far today, representing approximately 409,200 underlying shares of NSC. Below is a chart showing NSC's trailing twelve month trading history, with the $90 strike highlighted in orange:
And Freeport-McMoran Copper & Gold (NYSE: FCX) saw options trading volume of 137,303 contracts, representing approximately 13.7 million underlying shares or approximately 40.8% of FCX's average daily trading volume over the past month, of 33.7 million shares.
Particularly high volume was seen for the $13 strike call option expiring August 19, 2016, with 14,656 contracts trading so far today, representing approximately 1.5 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $13 strike highlighted in orange:
For the various different available expirations for LLTC options, NSC options, or FCX options, visit StockOptionsChannel.com.
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