Notable Tuesday Option Activity: VLO, LUV, PYPL
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Valero Energy Corp (Symbol: VLO), where a total volume of 18,094 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 55.9% of VLO's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $375 strike put option expiring September 25, 2026, with 1,403 contracts trading so far today, representing approximately 140,300 underlying shares of VLO. Below is a chart showing VLO's trailing twelve month trading history, with the $375 strike highlighted in orange:
Southwest Airlines Co (Symbol: LUV) options are showing a volume of 31,375 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 55.9% of LUV's average daily trading volume over the past month, of 5.6 million shares. Particularly high volume was seen for the $44 strike call option expiring September 25, 2026, with 26,098 contracts trading so far today, representing approximately 2.6 million underlying shares of LUV. Below is a chart showing LUV's trailing twelve month trading history, with the $44 strike highlighted in orange:
And PayPal Holdings Inc (Symbol: PYPL) saw options trading volume of 72,590 contracts, representing approximately 7.3 million underlying shares or approximately 55.3% of PYPL's average daily trading volume over the past month, of 13.1 million shares. Particularly high volume was seen for the $55 strike call option expiring September 25, 2026, with 9,461 contracts trading so far today, representing approximately 946,100 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $55 strike highlighted in orange:
For the various different available expirations for VLO options, LUV options, or PYPL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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