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Noteworthy Tuesday Option Activity: IBM, AXS, BAC

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 15,991 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.1% of IBM's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $155 strike call option expiring October 19, 2018 , with 1,347 contracts trading so far today, representing approximately 134,700 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $155 strike highlighted in orange:

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AXIS Capital Holdings Ltd (Symbol: AXS) options are showing a volume of 2,011 contracts thus far today. That number of contracts represents approximately 201,100 underlying shares, working out to a sizeable 50.1% of AXS's average daily trading volume over the past month, of 401,690 shares. Especially high volume was seen for the $55 strike put option expiring September 21, 2018 , with 1,651 contracts trading so far today, representing approximately 165,100 underlying shares of AXS. Below is a chart showing AXS's trailing twelve month trading history, with the $55 strike highlighted in orange:

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And Bank of America Corp (Symbol: BAC) options are showing a volume of 224,248 contracts thus far today. That number of contracts represents approximately 22.4 million underlying shares, working out to a sizeable 49.3% of BAC's average daily trading volume over the past month, of 45.5 million shares. Especially high volume was seen for the $31.50 strike call option expiring September 07, 2018 , with 47,317 contracts trading so far today, representing approximately 4.7 million underlying shares of BAC. Below is a chart showing BAC's trailing twelve month trading history, with the $31.50 strike highlighted in orange:

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For the various different available expirations for IBM options , AXS options , or BAC 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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