Markets

Notable Wednesday Option Activity: NEM, INCY, ALGN

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Newmont Mining Corp (Symbol: NEM), where a total volume of 28,621 contracts has been traded thus far today, a contract volume which is representative of approximately 2.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.9% of NEM's average daily trading volume over the past month, of 6.2 million shares. Particularly high volume was seen for the $41 strike call option expiring March 16, 2018 , with 5,839 contracts trading so far today, representing approximately 583,900 underlying shares of NEM. Below is a chart showing NEM's trailing twelve month trading history, with the $41 strike highlighted in orange:

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Incyte Corporation (Symbol: INCY) saw options trading volume of 7,802 contracts, representing approximately 780,200 underlying shares or approximately 43% of INCY's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $90 strike call option expiring February 16, 2018 , with 2,139 contracts trading so far today, representing approximately 213,900 underlying shares of INCY. Below is a chart showing INCY's trailing twelve month trading history, with the $90 strike highlighted in orange:

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And Align Technology Inc (Symbol: ALGN) saw options trading volume of 6,490 contracts, representing approximately 649,000 underlying shares or approximately 42.9% of ALGN's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $240 strike put option expiring March 16, 2018 , with 1,615 contracts trading so far today, representing approximately 161,500 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $240 strike highlighted in orange:

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For the various different available expirations for NEM options , INCY options , or ALGN 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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