Notable Wednesday Option Activity: X, CVX, GM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in United States Steel Corp. (Symbol: X), where a total volume of 45,599 contracts has been traded thus far today, a contract volume which is representative of approximately 4.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 81.6% of X's average daily trading volume over the past month, of 5.6 million shares. Particularly high volume was seen for the $45 strike call option expiring April 17, 2025, with 5,635 contracts trading so far today, representing approximately 563,500 underlying shares of X. Below is a chart showing X's trailing twelve month trading history, with the $45 strike highlighted in orange:

Chevron Corporation (Symbol: CVX) options are showing a volume of 64,873 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 68.8% of CVX's average daily trading volume over the past month, of 9.4 million shares. Especially high volume was seen for the $175 strike call option expiring May 16, 2025, with 10,300 contracts trading so far today, representing approximately 1.0 million underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $175 strike highlighted in orange:

And General Motors Co (Symbol: GM) options are showing a volume of 121,707 contracts thus far today. That number of contracts represents approximately 12.2 million underlying shares, working out to a sizeable 68.2% of GM's average daily trading volume over the past month, of 17.9 million shares. Particularly high volume was seen for the $52.50 strike put option expiring May 16, 2025, with 12,937 contracts trading so far today, representing approximately 1.3 million underlying shares of GM. Below is a chart showing GM's trailing twelve month trading history, with the $52.50 strike highlighted in orange:

For the various different available expirations for X options, CVX options, or GM options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:

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