Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in General Dynamics Corp. (NYSE: GD), where a total volume of 13,635 contracts has been traded thus far today, a contract volume which is representative of approximately 1.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 95.4% of GD's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $150 strike call option expiring November 18, 2016, with 7,030 contracts trading so far today, representing approximately 703,000 underlying shares of GD. Below is a chart showing GD's trailing twelve month trading history, with the $150 strike highlighted in orange:
Salesforce.com Inc (NYSE: CRM) options are showing a volume of 12,205 contracts thus far today. That number of contracts represents approximately 1.2 million underlying shares, working out to a sizeable 45.4% of CRM's average daily trading volume over the past month, of 2.7 million shares.
Especially high volume was seen for the $85 strike call option expiring June 17, 2016, with 3,082 contracts trading so far today, representing approximately 308,200 underlying shares of CRM. Below is a chart showing CRM's trailing twelve month trading history, with the $85 strike highlighted in orange:
And Estee Lauder Cos., Inc. (NYSE: EL) options are showing a volume of 5,305 contracts thus far today. That number of contracts represents approximately 530,500 underlying shares, working out to a sizeable 42.7% of EL's average daily trading volume over the past month, of 1.2 million shares.
Particularly high volume was seen for the $95 strike put option expiring May 20, 2016, with 2,113 contracts trading so far today, representing approximately 211,300 underlying shares of EL. Below is a chart showing EL's trailing twelve month trading history, with the $95 strike highlighted in orange:
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