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AZO

Notable Wednesday Option Activity: AZO, MDR, MCD

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in AutoZone, Inc. (Symbol: AZO), where a total volume of 1,349 contracts has been traded thus far today, a contract volume which is representative of approximately 134,900 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AZO's average daily trading volume over the past month, of 323,160 shares. Especially high volume was seen for the $880 strike put option expiring January 17, 2020, with 100 contracts trading so far today, representing approximately 10,000 underlying shares of AZO. Below is a chart showing AZO's trailing twelve month trading history, with the $880 strike highlighted in orange:

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McDermott International Inc (Symbol: MDR) options are showing a volume of 19,270 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 41.1% of MDR's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $6 strike put option expiring November 15, 2019, with 10,373 contracts trading so far today, representing approximately 1.0 million underlying shares of MDR. Below is a chart showing MDR's trailing twelve month trading history, with the $6 strike highlighted in orange:

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And McDonald's Corp (Symbol: MCD) options are showing a volume of 12,780 contracts thus far today. That number of contracts represents approximately 1.3 million underlying shares, working out to a sizeable 40.2% of MCD's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $220 strike call option expiring September 20, 2019, with 1,206 contracts trading so far today, representing approximately 120,600 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $220 strike highlighted in orange:

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For the various different available expirations for AZO options, MDR options, or MCD 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.

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