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Notable Tuesday Option Activity: MGM, CLVS, GBT


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Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in MGM Resorts International (Symbol: MGM), where a total of 70,818 contracts have traded so far, representing approximately 7.1 million underlying shares. That amounts to about 85.3% of MGM's average daily trading volume over the past month of 8.3 million shares. Particularly high volume was seen for the $32 strike call option expiring July 20, 2018 , with 23,116 contracts trading so far today, representing approximately 2.3 million underlying shares of MGM. Below is a chart showing MGM's trailing twelve month trading history, with the $32 strike highlighted in orange:

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Clovis Oncology Inc (Symbol: CLVS) options are showing a volume of 6,868 contracts thus far today. That number of contracts represents approximately 686,800 underlying shares, working out to a sizeable 74% of CLVS's average daily trading volume over the past month, of 928,730 shares. Particularly high volume was seen for the $50 strike call option expiring July 20, 2018 , with 3,085 contracts trading so far today, representing approximately 308,500 underlying shares of CLVS. Below is a chart showing CLVS's trailing twelve month trading history, with the $50 strike highlighted in orange:

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And Global Blood Therapeutics Inc (Symbol: GBT) options are showing a volume of 6,666 contracts thus far today. That number of contracts represents approximately 666,600 underlying shares, working out to a sizeable 70.2% of GBT's average daily trading volume over the past month, of 949,700 shares. Particularly high volume was seen for the $35 strike put option expiring July 20, 2018 , with 878 contracts trading so far today, representing approximately 87,800 underlying shares of GBT. Below is a chart showing GBT's trailing twelve month trading history, with the $35 strike highlighted in orange:

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For the various different available expirations for MGM options , CLVS options , or GBT 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: MGM , CLVS , GBT



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