Quantcast

Noteworthy Wednesday Option Activity: MLM, TIF, IBM


Shutterstock photo

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Martin Marietta Materials, Inc. (Symbol: MLM), where a total volume of 3,883 contracts has been traded thus far today, a contract volume which is representative of approximately 388,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.9% of MLM's average daily trading volume over the past month, of 810,205 shares. Especially high volume was seen for the $220 strike call option expiring February 16, 2018 , with 2,005 contracts trading so far today, representing approximately 200,500 underlying shares of MLM. Below is a chart showing MLM's trailing twelve month trading history, with the $220 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

Tiffany & Co. (Symbol: TIF) options are showing a volume of 7,006 contracts thus far today. That number of contracts represents approximately 700,600 underlying shares, working out to a sizeable 47.9% of TIF's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $104 strike call option expiring February 16, 2018 , with 2,034 contracts trading so far today, representing approximately 203,400 underlying shares of TIF. Below is a chart showing TIF's trailing twelve month trading history, with the $104 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

And International Business Machines Corp (Symbol: IBM) options are showing a volume of 34,643 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 46.8% of IBM's average daily trading volume over the past month, of 7.4 million shares. Especially high volume was seen for the $155 strike call option expiring April 20, 2018 , with 6,081 contracts trading so far today, representing approximately 608,100 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $155 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

For the various different available expirations for MLM options , TIF options , or IBM 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: MLM , TIF , IBM


More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing








Research Brokers before you trade

Want to trade FX?