Markets
IBM

Noteworthy Tuesday Option Activity: IBM, SWM, GBX

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in International Business Machines Corp (Symbol: IBM), where a total volume of 27,319 contracts has been traded thus far today, a contract volume which is representative of approximately 2.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.4% of IBM's average daily trading volume over the past month, of 4.0 million shares. Particularly high volume was seen for the $135 strike call option expiring November 01, 2019, with 865 contracts trading so far today, representing approximately 86,500 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $135 strike highlighted in orange:

Loading+chart+—+2019+TickerTech.com

Schweitzer-Mauduit International Inc (Symbol: SWM) options are showing a volume of 1,086 contracts thus far today. That number of contracts represents approximately 108,600 underlying shares, working out to a sizeable 67% of SWM's average daily trading volume over the past month, of 161,985 shares. Particularly high volume was seen for the $30 strike put option expiring December 20, 2019, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of SWM. Below is a chart showing SWM's trailing twelve month trading history, with the $30 strike highlighted in orange:

Loading+chart+—+2019+TickerTech.com

And Greenbrier Companies Inc (Symbol: GBX) options are showing a volume of 1,732 contracts thus far today. That number of contracts represents approximately 173,200 underlying shares, working out to a sizeable 60.4% of GBX's average daily trading volume over the past month, of 286,785 shares. Especially high volume was seen for the $30 strike call option expiring November 15, 2019, with 1,044 contracts trading so far today, representing approximately 104,400 underlying shares of GBX. Below is a chart showing GBX's trailing twelve month trading history, with the $30 strike highlighted in orange:

Loading+chart+—+2019+TickerTech.com

For the various different available expirations for IBM options, SWM options, or GBX 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.

In This Story

IBM SWM GBX

Other Topics

Stocks Options