Quantcast

Notable Wednesday Option Activity: NEM, INCY, ALGN


Shutterstock photo

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Newmont Mining Corp (Symbol: NEM), where a total volume of 28,621 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.9% of NEM's average daily trading volume over the past month, of 6.2 million shares. Particularly high volume was seen for the $41 strike call option expiring March 16, 2018 , with 5,839 contracts trading so far today, representing approximately 583,900 underlying shares of NEM. Below is a chart showing NEM's trailing twelve month trading history, with the $41 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

Incyte Corporation (Symbol: INCY) saw options trading volume of 7,802 contracts, representing approximately 780,200 underlying shares or approximately 43% of INCY's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $90 strike call option expiring February 16, 2018 , with 2,139 contracts trading so far today, representing approximately 213,900 underlying shares of INCY. Below is a chart showing INCY's trailing twelve month trading history, with the $90 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

And Align Technology Inc (Symbol: ALGN) saw options trading volume of 6,490 contracts, representing approximately 649,000 underlying shares or approximately 42.9% of ALGN's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $240 strike put option expiring March 16, 2018 , with 1,615 contracts trading so far today, representing approximately 161,500 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $240 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

For the various different available expirations for NEM options , INCY options , or ALGN 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: NEM , INCY , ALGN


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing








Research Brokers before you trade

Want to trade FX?