Markets

Notable Tuesday Option Activity: GILD, LE, PYPL

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Gilead Sciences Inc (Symbol: GILD), where a total volume of 38,675 contracts has been traded thus far today, a contract volume which is representative of approximately 3.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 42.1% of GILD's average daily trading volume over the past month, of 9.2 million shares. Particularly high volume was seen for the $78.50 strike put option expiring March 09, 2018 , with 3,184 contracts trading so far today, representing approximately 318,400 underlying shares of GILD. Below is a chart showing GILD's trailing twelve month trading history, with the $78.50 strike highlighted in orange:

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Lands' End Inc (Symbol: LE) options are showing a volume of 460 contracts thus far today. That number of contracts represents approximately 46,000 underlying shares, working out to a sizeable 41.8% of LE's average daily trading volume over the past month, of 110,100 shares. Particularly high volume was seen for the $20 strike call option expiring March 16, 2018 , with 113 contracts trading so far today, representing approximately 11,300 underlying shares of LE. Below is a chart showing LE's trailing twelve month trading history, with the $20 strike highlighted in orange:

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And PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 42,701 contracts, representing approximately 4.3 million underlying shares or approximately 41.6% of PYPL's average daily trading volume over the past month, of 10.3 million shares. Especially high volume was seen for the $80 strike call option expiring April 20, 2018 , with 15,729 contracts trading so far today, representing approximately 1.6 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $80 strike highlighted in orange:

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For the various different available expirations for GILD options , LE options , or PYPL 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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