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Noteworthy Thursday Option Activity: CBS, MSFT, AXP

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in CBS Corp (Symbol: CBS), where a total volume of 11,586 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.2% of CBS's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $62.50 strike call option expiring October 20, 2017 , with 5,062 contracts trading so far today, representing approximately 506,200 underlying shares of CBS. Below is a chart showing CBS's trailing twelve month trading history, with the $62.50 strike highlighted in orange:

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Microsoft Corporation (Symbol: MSFT) options are showing a volume of 85,980 contracts thus far today. That number of contracts represents approximately 8.6 million underlying shares, working out to a sizeable 46% of MSFT's average daily trading volume over the past month, of 18.7 million shares. Particularly high volume was seen for the $75 strike call option expiring January 19, 2018 , with 9,778 contracts trading so far today, representing approximately 977,800 underlying shares of MSFT. Below is a chart showing MSFT's trailing twelve month trading history, with the $75 strike highlighted in orange:

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And American Express Co. (Symbol: AXP) saw options trading volume of 11,702 contracts, representing approximately 1.2 million underlying shares or approximately 40.5% of AXP's average daily trading volume over the past month, of 2.9 million shares. Especially high volume was seen for the $83.50 strike put option expiring September 15, 2017 , with 2,371 contracts trading so far today, representing approximately 237,100 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $83.50 strike highlighted in orange:

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For the various different available expirations for CBS options , MSFT options , or AXP 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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