Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in
United Continental Holdings
Inc (NYSE: UAL), where a total volume of 21,370 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.4% of UAL's average daily trading volume over the past month, of 3.7 million shares. Particularly high volume was seen for the $52.50 strike call option expiring January 20, 2017, with 10,013 contracts trading so far today, representing approximately 1.0 million underlying shares of UAL. Below is a chart showing UAL's trailing twelve month trading history, with the $52.50 strike highlighted in orange:
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Tesla Motors
Inc (NASD: TSLA) options are showing a volume of 13,622 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 50.4% of TSLA's average daily trading volume over the past month, of 2.7 million shares.
Especially high volume was seen for the $225 strike call option expiring August 26, 2016, with 1,765 contracts trading so far today, representing approximately 176,500 underlying shares of TSLA. Below is a chart showing TSLA's trailing twelve month trading history, with the $225 strike highlighted in orange:
And
General Mills
, Inc. (NYSE: GIS) saw options trading volume of 12,141 contracts, representing approximately 1.2 million underlying shares or approximately 42.5% of GIS's average daily trading volume over the past month, of 2.9 million shares.
Particularly high volume was seen for the $72.50 strike call option expiring September 16, 2016, with 7,450 contracts trading so far today, representing approximately 745,000 underlying shares of GIS. Below is a chart showing GIS's trailing twelve month trading history, with the $72.50 strike highlighted in orange:
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