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Notable Tuesday Option Activity: AXL, AAOI, CVX


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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Axle & Manufacturing Holdings Inc (Symbol: AXL), where a total volume of 11,724 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51% of AXL's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $8 strike put option expiring January 17, 2020 , with 5,500 contracts trading so far today, representing approximately 550,000 underlying shares of AXL. Below is a chart showing AXL's trailing twelve month trading history, with the $8 strike highlighted in orange:

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Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,029 contracts, representing approximately 502,900 underlying shares or approximately 47.3% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $44 strike put option expiring July 13, 2018 , with 549 contracts trading so far today, representing approximately 54,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $44 strike highlighted in orange:

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And Chevron Corporation (Symbol: CVX) options are showing a volume of 28,001 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46% of CVX's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $130 strike call option expiring August 17, 2018 , with 2,902 contracts trading so far today, representing approximately 290,200 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $130 strike highlighted in orange:

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For the various different available expirations for AXL options , AAOI options , or CVX 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: AXL , AAOI , CVX



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