Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Kimberly-Clark Corp. (Symbol: KMB), where a total volume of 27,843 contracts has been traded thus far today, a contract volume which is representative of approximately 2.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 127% of KMB's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $130 strike put option expiring July 30, 2021, with 3,809 contracts trading so far today, representing approximately 380,900 underlying shares of KMB. Below is a chart showing KMB's trailing twelve month trading history, with the $130 strike highlighted in orange:
Moderna Inc (Symbol: MRNA) saw options trading volume of 210,035 contracts, representing approximately 21.0 million underlying shares or approximately 114.9% of MRNA's average daily trading volume over the past month, of 18.3 million shares. Particularly high volume was seen for the $340 strike call option expiring July 23, 2021, with 18,726 contracts trading so far today, representing approximately 1.9 million underlying shares of MRNA. Below is a chart showing MRNA's trailing twelve month trading history, with the $340 strike highlighted in orange:
And Lowe's Companies Inc (Symbol: LOW) options are showing a volume of 30,784 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 98.4% of LOW's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $202.50 strike call option expiring July 23, 2021, with 4,506 contracts trading so far today, representing approximately 450,600 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $202.50 strike highlighted in orange:
For the various different available expirations for KMB options, MRNA options, or LOW 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.