Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Norfolk Southern Corp. (NYSE: NSC), where a total volume of 16,622 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 95.4% of NSC's average daily trading volume over the past month, of 1.7 million shares. Especially high volume was seen for the $79 strike put option expiring April 22, 2016, with 8,000 contracts trading so far today, representing approximately 800,000 underlying shares of NSC. Below is a chart showing NSC's trailing twelve month trading history, with the $79 strike highlighted in orange:
ServiceNow Inc (NYSE: NOW) saw options trading volume of 17,252 contracts, representing approximately 1.7 million underlying shares or approximately 95.1% of NOW's average daily trading volume over the past month, of 1.8 million shares.
Particularly high volume was seen for the $55 strike put option expiring April 22, 2016, with 2,307 contracts trading so far today, representing approximately 230,700 underlying shares of NOW. Below is a chart showing NOW's trailing twelve month trading history, with the $55 strike highlighted in orange:
And BioMarin Pharmaceutical Inc. (NASD: BMRN) saw options trading volume of 13,509 contracts, representing approximately 1.4 million underlying shares or approximately 89.7% of BMRN's average daily trading volume over the past month, of 1.5 million shares.
Especially high volume was seen for the $95 strike call option expiring May 20, 2016, with 5,570 contracts trading so far today, representing approximately 557,000 underlying shares of BMRN. Below is a chart showing BMRN's trailing twelve month trading history, with the $95 strike highlighted in orange:
For the various different available expirations for NSC options, NOW options, or BMRN options, visit StockOptionsChannel.com.
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