Markets

Notable Wednesday Option Activity: LMT, ORLY, AAL

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lockheed Martin Corp (Symbol: LMT), where a total volume of 15,252 contracts has been traded thus far today, a contract volume which is representative of approximately 1.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 113.4% of LMT's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $370 strike call option expiring January 18, 2019 , with 710 contracts trading so far today, representing approximately 71,000 underlying shares of LMT. Below is a chart showing LMT's trailing twelve month trading history, with the $370 strike highlighted in orange:

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O'Reilly Automotive, Inc. (Symbol: ORLY) saw options trading volume of 7,582 contracts, representing approximately 758,200 underlying shares or approximately 89.8% of ORLY's average daily trading volume over the past month, of 843,980 shares. Particularly high volume was seen for the $220 strike put option expiring May 18, 2018 , with 1,990 contracts trading so far today, representing approximately 199,000 underlying shares of ORLY. Below is a chart showing ORLY's trailing twelve month trading history, with the $220 strike highlighted in orange:

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And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 37,906 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 69.5% of AAL's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $50 strike call option expiring May 18, 2018 , with 5,055 contracts trading so far today, representing approximately 505,500 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $50 strike highlighted in orange:

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For the various different available expirations for LMT options , ORLY options , or AAL 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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