Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Nike (Symbol: NKE), where a total volume of 42,155 contracts has been traded thus far today, a contract volume which is representative of approximately 4.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.4% of NKE's average daily trading volume over the past month, of 5.2 million shares. Especially high volume was seen for the $145 strike call option expiring June 18, 2021, with 5,755 contracts trading so far today, representing approximately 575,500 underlying shares of NKE. Below is a chart showing NKE's trailing twelve month trading history, with the $145 strike highlighted in orange:
Gilead Sciences Inc (Symbol: GILD) saw options trading volume of 65,913 contracts, representing approximately 6.6 million underlying shares or approximately 73.6% of GILD's average daily trading volume over the past month, of 9.0 million shares. Especially high volume was seen for the $70 strike call option expiring March 19, 2021, with 4,228 contracts trading so far today, representing approximately 422,800 underlying shares of GILD. Below is a chart showing GILD's trailing twelve month trading history, with the $70 strike highlighted in orange:
And Goldman Sachs Group Inc (the (Symbol: GS) saw options trading volume of 23,250 contracts, representing approximately 2.3 million underlying shares or approximately 64.1% of GS's average daily trading volume over the past month, of 3.6 million shares. Especially high volume was seen for the $295 strike call option expiring February 05, 2021, with 1,492 contracts trading so far today, representing approximately 149,200 underlying shares of GS. Below is a chart showing GS's trailing twelve month trading history, with the $295 strike highlighted in orange:
For the various different available expirations for NKE options, GILD options, or GS options, visit StockOptionsChannel.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.