Notable Thursday Option Activity: AMGN, CMI, CHTR

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Amgen Inc (Symbol: AMGN), where a total volume of 22,673 contracts has been traded thus far today, a contract volume which is representative of approximately 2.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 62.5% of AMGN's average daily trading volume over the past month, of 3.6 million shares. Particularly high volume was seen for the $325 strike put option expiring March 15, 2024, with 6,839 contracts trading so far today, representing approximately 683,900 underlying shares of AMGN. Below is a chart showing AMGN's trailing twelve month trading history, with the $325 strike highlighted in orange:

Cummins, Inc. (Symbol: CMI) options are showing a volume of 10,603 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 56.3% of CMI's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $330 strike call option expiring March 15, 2024, with 8,313 contracts trading so far today, representing approximately 831,300 underlying shares of CMI. Below is a chart showing CMI's trailing twelve month trading history, with the $330 strike highlighted in orange:

And Charter Communications Inc (Symbol: CHTR) options are showing a volume of 11,196 contracts thus far today. That number of contracts represents approximately 1.1 million underlying shares, working out to a sizeable 46.4% of CHTR's average daily trading volume over the past month, of 2.4 million shares. Particularly high volume was seen for the $430 strike put option expiring March 15, 2024, with 2,980 contracts trading so far today, representing approximately 298,000 underlying shares of CHTR. Below is a chart showing CHTR's trailing twelve month trading history, with the $430 strike highlighted in orange:

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Today's Most Active Call & Put Options of the S&P 500 »

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