Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Gilead Sciences Inc (Symbol: GILD), where a total volume of 73,288 contracts has been traded thus far today, a contract volume which is representative of approximately 7.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 103.5% of GILD's average daily trading volume over the past month, of 7.1 million shares. Especially high volume was seen for the $75 strike call option expiring October 16, 2020, with 24,815 contracts trading so far today, representing approximately 2.5 million underlying shares of GILD. Below is a chart showing GILD's trailing twelve month trading history, with the $75 strike highlighted in orange:
Apple Inc (Symbol: AAPL) saw options trading volume of 304,010 contracts, representing approximately 30.4 million underlying shares or approximately 91.8% of AAPL's average daily trading volume over the past month, of 33.1 million shares. Especially high volume was seen for the $400 strike call option expiring July 31, 2020, with 18,059 contracts trading so far today, representing approximately 1.8 million underlying shares of AAPL. Below is a chart showing AAPL's trailing twelve month trading history, with the $400 strike highlighted in orange:
And Netflix Inc (Symbol: NFLX) saw options trading volume of 94,555 contracts, representing approximately 9.5 million underlying shares or approximately 87.9% of NFLX's average daily trading volume over the past month, of 10.8 million shares. Particularly high volume was seen for the $510 strike call option expiring July 31, 2020, with 8,633 contracts trading so far today, representing approximately 863,300 underlying shares of NFLX. Below is a chart showing NFLX's trailing twelve month trading history, with the $510 strike highlighted in orange:
For the various different available expirations for GILD options, AAPL options, or NFLX 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.
