Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in PayPal Holdings Inc (NASD: PYPL), where a total volume of 53,927 contracts has been traded thus far today, a contract volume which is representative of approximately 5.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.4% of PYPL's average daily trading volume over the past month, of 6.7 million shares. Especially high volume was seen for the $43 strike call option expiring May 20, 2016, with 11,182 contracts trading so far today, representing approximately 1.1 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $43 strike highlighted in orange:
Expedia Inc (NASD: EXPE) options are showing a volume of 15,482 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 65.5% of EXPE's average daily trading volume over the past month, of 2.4 million shares.
Especially high volume was seen for the $110 strike call option expiring April 29, 2016, with 1,089 contracts trading so far today, representing approximately 108,900 underlying shares of EXPE. Below is a chart showing EXPE's trailing twelve month trading history, with the $110 strike highlighted in orange:
And Symantec Corp. (NASD: SYMC) options are showing a volume of 39,520 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 59.9% of SYMC's average daily trading volume over the past month, of 6.6 million shares.
Especially high volume was seen for the $17 strike put option expiring June 17, 2016, with 16,692 contracts trading so far today, representing approximately 1.7 million underlying shares of SYMC. Below is a chart showing SYMC's trailing twelve month trading history, with the $17 strike highlighted in orange:
For the various different available expirations for PYPL options, EXPE options, or SYMC options, visit StockOptionsChannel.com.
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