Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Concho Resources Inc (Symbol: CXO), where a total volume of 7,815 contracts has been traded thus far today, a contract volume which is representative of approximately 781,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 46.8% of CXO's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $55 strike call option expiring January 15, 2021, with 3,700 contracts trading so far today, representing approximately 370,000 underlying shares of CXO. Below is a chart showing CXO's trailing twelve month trading history, with the $55 strike highlighted in orange:
CME Group (Symbol: CME) saw options trading volume of 7,876 contracts, representing approximately 787,600 underlying shares or approximately 46.5% of CME's average daily trading volume over the past month, of 1.7 million shares. Particularly high volume was seen for the $210 strike call option expiring January 21, 2022, with 1,795 contracts trading so far today, representing approximately 179,500 underlying shares of CME. Below is a chart showing CME's trailing twelve month trading history, with the $210 strike highlighted in orange:
And CommVault Systems Inc (Symbol: CVLT) saw options trading volume of 1,591 contracts, representing approximately 159,100 underlying shares or approximately 46.4% of CVLT's average daily trading volume over the past month, of 343,165 shares. Particularly high volume was seen for the $57.50 strike call option expiring January 15, 2021, with 1,210 contracts trading so far today, representing approximately 121,000 underlying shares of CVLT. Below is a chart showing CVLT's trailing twelve month trading history, with the $57.50 strike highlighted in orange:
For the various different available expirations for CXO options, CME options, or CVLT 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.
