Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Sherwin-Williams Co (Symbol: SHW), where a total volume of 1,864 contracts has been traded thus far today, a contract volume which is representative of approximately 186,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.2% of SHW's average daily trading volume over the past month, of 452,115 shares. Particularly high volume was seen for the $630 strike put option expiring November 20, 2020, with 236 contracts trading so far today, representing approximately 23,600 underlying shares of SHW. Below is a chart showing SHW's trailing twelve month trading history, with the $630 strike highlighted in orange:
Lowe's Companies Inc (Symbol: LOW) saw options trading volume of 13,079 contracts, representing approximately 1.3 million underlying shares or approximately 40.8% of LOW's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $170 strike call option expiring October 30, 2020, with 842 contracts trading so far today, representing approximately 84,200 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $170 strike highlighted in orange:
And Redfin Corp (Symbol: RDFN) options are showing a volume of 6,040 contracts thus far today. That number of contracts represents approximately 604,000 underlying shares, working out to a sizeable 40.7% of RDFN's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $45 strike put option expiring November 20, 2020, with 3,640 contracts trading so far today, representing approximately 364,000 underlying shares of RDFN. Below is a chart showing RDFN's trailing twelve month trading history, with the $45 strike highlighted in orange:
For the various different available expirations for SHW options, LOW options, or RDFN 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.
