Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Align Technology Inc (Symbol: ALGN), where a total volume of 4,062 contracts has been traded thus far today, a contract volume which is representative of approximately 406,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.1% of ALGN's average daily trading volume over the past month, of 751,430 shares. Especially high volume was seen for the $300 strike call option expiring July 17, 2020, with 616 contracts trading so far today, representing approximately 61,600 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $300 strike highlighted in orange:
Salesforce.com Inc (Symbol: CRM) saw options trading volume of 28,026 contracts, representing approximately 2.8 million underlying shares or approximately 48.6% of CRM's average daily trading volume over the past month, of 5.8 million shares. Particularly high volume was seen for the $180 strike put option expiring July 17, 2020, with 2,209 contracts trading so far today, representing approximately 220,900 underlying shares of CRM. Below is a chart showing CRM's trailing twelve month trading history, with the $180 strike highlighted in orange:
And Capital One Financial Corp (Symbol: COF) options are showing a volume of 17,999 contracts thus far today. That number of contracts represents approximately 1.8 million underlying shares, working out to a sizeable 45.6% of COF's average daily trading volume over the past month, of 3.9 million shares. Especially high volume was seen for the $60 strike put option expiring July 17, 2020, with 2,992 contracts trading so far today, representing approximately 299,200 underlying shares of COF. Below is a chart showing COF's trailing twelve month trading history, with the $60 strike highlighted in orange:
For the various different available expirations for ALGN options, CRM options, or COF 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.
