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Noteworthy Wednesday Option Activity: PM, CXO, T


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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Philip Morris International Inc (Symbol: PM), where a total volume of 27,100 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.2% of PM's average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $85 strike call option expiring September 21, 2018 , with 2,461 contracts trading so far today, representing approximately 246,100 underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $85 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

Concho Resources Inc (Symbol: CXO) options are showing a volume of 7,867 contracts thus far today. That number of contracts represents approximately 786,700 underlying shares, working out to a sizeable 50.4% of CXO's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $180 strike call option expiring January 17, 2020 , with 5,522 contracts trading so far today, representing approximately 552,200 underlying shares of CXO. Below is a chart showing CXO's trailing twelve month trading history, with the $180 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

And AT&T Inc (Symbol: T) options are showing a volume of 123,654 contracts thus far today. That number of contracts represents approximately 12.4 million underlying shares, working out to a sizeable 48.8% of T's average daily trading volume over the past month, of 25.3 million shares. Particularly high volume was seen for the $34 strike call option expiring April 18, 2019 , with 10,259 contracts trading so far today, representing approximately 1.0 million underlying shares of T. Below is a chart showing T's trailing twelve month trading history, with the $34 strike highlighted in orange:

Loading+chart++2018+TickerTech.com

For the various different available expirations for PM options , CXO options , or T 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: PM , CXO , T



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