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Notable Friday Option Activity: STLD, TDW, PG

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Steel Dynamics Inc. (Symbol: STLD), where a total volume of 23,607 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 72.3% of STLD's average daily trading volume over the past month, of 3.3 million shares. Particularly high volume was seen for the $27 strike call option expiring August 19, 2016 , with 15,054 contracts trading so far today, representing approximately 1.5 million underlying shares of STLD. Below is a chart showing STLD's trailing twelve month trading history, with the $27 strike highlighted in orange:

Tidewater Inc. (Symbol: TDW) options are showing a volume of 20,100 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 70.1% of TDW's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $5 strike put option expiring July 15, 2016 , with 20,001 contracts trading so far today, representing approximately 2.0 million underlying shares of TDW. Below is a chart showing TDW's trailing twelve month trading history, with the $5 strike highlighted in orange:

And Procter & Gamble Co. (Symbol: PG) options are showing a volume of 40,733 contracts thus far today. That number of contracts represents approximately 4.1 million underlying shares, working out to a sizeable 67.8% of PG's average daily trading volume over the past month, of 6.0 million shares. Particularly high volume was seen for the $82.50 strike call option expiring June 17, 2016 , with 14,079 contracts trading so far today, representing approximately 1.4 million underlying shares of PG. Below is a chart showing PG's trailing twelve month trading history, with the $82.50 strike highlighted in orange:

For the various different available expirations for STLD options , TDW options , or PG 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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