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Noteworthy Tuesday Option Activity: LB, GM, RHT

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in L Brands, Inc (Symbol: LB), where a total volume of 25,533 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80% of LB's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $20 strike put option expiring May 17, 2019 , with 15,521 contracts trading so far today, representing approximately 1.6 million underlying shares of LB. Below is a chart showing LB's trailing twelve month trading history, with the $20 strike highlighted in orange:

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General Motors Co (Symbol: GM) options are showing a volume of 51,914 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 53.9% of GM's average daily trading volume over the past month, of 9.6 million shares. Especially high volume was seen for the $42 strike call option expiring March 15, 2019 , with 19,882 contracts trading so far today, representing approximately 2.0 million underlying shares of GM. Below is a chart showing GM's trailing twelve month trading history, with the $42 strike highlighted in orange:

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And Red Hat Inc (Symbol: RHT) saw options trading volume of 6,911 contracts, representing approximately 691,100 underlying shares or approximately 48.3% of RHT's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $170 strike put option expiring January 17, 2020 , with 3,000 contracts trading so far today, representing approximately 300,000 underlying shares of RHT. Below is a chart showing RHT's trailing twelve month trading history, with the $170 strike highlighted in orange:

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For the various different available expirations for LB options , GM options , or RHT 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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