Noteworthy Monday Option Activity: TTNP, MBI, PM


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Titan Pharmaceuticals Inc (Symbol: TTNP), where a total volume of 4,192 contracts has been traded thus far today, a contract volume which is representative of approximately 419,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 519.9% of TTNP's average daily trading volume over the past month, of 80,625 shares. Especially high volume was seen for the $5 strike call option expiring August 18, 2017 , with 2,090 contracts trading so far today, representing approximately 209,000 underlying shares of TTNP. Below is a chart showing TTNP's trailing twelve month trading history, with the $5 strike highlighted in orange:

Loading+chart++2017+TickerTech.com

MBIA Inc. (Symbol: MBI) options are showing a volume of 28,898 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 183.2% of MBI's average daily trading volume over the past month, of 1.6 million shares. Especially high volume was seen for the $12 strike put option expiring August 18, 2017 , with 13,000 contracts trading so far today, representing approximately 1.3 million underlying shares of MBI. Below is a chart showing MBI's trailing twelve month trading history, with the $12 strike highlighted in orange:

Loading+chart++2017+TickerTech.com

And Philip Morris International Inc (Symbol: PM) options are showing a volume of 48,017 contracts thus far today. That number of contracts represents approximately 4.8 million underlying shares, working out to a sizeable 100.5% of PM's average daily trading volume over the past month, of 4.8 million shares. Particularly high volume was seen for the $120 strike call option expiring March 24, 2017 , with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $120 strike highlighted in orange:

Loading+chart++2017+TickerTech.com

For the various different available expirations for TTNP options , MBI options , or PM options , visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Options
Referenced Symbols: TTNP , MBI , PM


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