Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Dow Inc (Symbol: DOW), where a total volume of 21,394 contracts has been traded thus far today, a contract volume which is representative of approximately 2.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52% of DOW's average daily trading volume over the past month, of 4.1 million shares. Especially high volume was seen for the $77.50 strike call option expiring January 20, 2023, with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of DOW. Below is a chart showing DOW's trailing twelve month trading history, with the $77.50 strike highlighted in orange:
Paramount Global (Symbol: PARA) options are showing a volume of 39,081 contracts thus far today. That number of contracts represents approximately 3.9 million underlying shares, working out to a sizeable 51.9% of PARA's average daily trading volume over the past month, of 7.5 million shares. Particularly high volume was seen for the $35 strike put option expiring May 20, 2022, with 10,232 contracts trading so far today, representing approximately 1.0 million underlying shares of PARA. Below is a chart showing PARA's trailing twelve month trading history, with the $35 strike highlighted in orange:
And AutoZone, Inc. (Symbol: AZO) options are showing a volume of 800 contracts thus far today. That number of contracts represents approximately 80,000 underlying shares, working out to a sizeable 45.5% of AZO's average daily trading volume over the past month, of 175,820 shares. Particularly high volume was seen for the $1680 strike put option expiring January 20, 2023, with 55 contracts trading so far today, representing approximately 5,500 underlying shares of AZO. Below is a chart showing AZO's trailing twelve month trading history, with the $1680 strike highlighted in orange:
For the various different available expirations for DOW options, PARA options, or AZO 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.
