Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Freeport-McMoran Copper & Gold (Symbol: FCX), where a total of 161,398 contracts have traded so far, representing approximately 16.1 million underlying shares. That amounts to about 78.9% of FCX's average daily trading volume over the past month of 20.5 million shares. Especially high volume was seen for the $15.50 strike call option expiring August 21, 2020, with 21,612 contracts trading so far today, representing approximately 2.2 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $15.50 strike highlighted in orange:
PayPal Holdings Inc (Symbol: PYPL) options are showing a volume of 61,156 contracts thus far today. That number of contracts represents approximately 6.1 million underlying shares, working out to a sizeable 75.4% of PYPL's average daily trading volume over the past month, of 8.1 million shares. Particularly high volume was seen for the $202.50 strike call option expiring August 07, 2020, with 12,882 contracts trading so far today, representing approximately 1.3 million underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $202.50 strike highlighted in orange:
And NVIDIA Corp (Symbol: NVDA) saw options trading volume of 69,411 contracts, representing approximately 6.9 million underlying shares or approximately 74.5% of NVDA's average daily trading volume over the past month, of 9.3 million shares. Especially high volume was seen for the $460 strike call option expiring August 07, 2020, with 5,070 contracts trading so far today, representing approximately 507,000 underlying shares of NVDA. Below is a chart showing NVDA's trailing twelve month trading history, with the $460 strike highlighted in orange:
For the various different available expirations for FCX options, PYPL options, or NVDA 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.
