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Noteworthy Tuesday Option Activity: M, CMI, JNJ

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Macy's Inc (Symbol: M), where a total volume of 54,410 contracts has been traded thus far today, a contract volume which is representative of approximately 5.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.5% of M's average daily trading volume over the past month, of 10.4 million shares. Especially high volume was seen for the $33.50 strike call option expiring March 17, 2017 , with 15,283 contracts trading so far today, representing approximately 1.5 million underlying shares of M. Below is a chart showing M's trailing twelve month trading history, with the $33.50 strike highlighted in orange:

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Cummins, Inc. (Symbol: CMI) options are showing a volume of 7,583 contracts thus far today. That number of contracts represents approximately 758,300 underlying shares, working out to a sizeable 52.4% of CMI's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $135 strike call option expiring March 17, 2017 , with 2,352 contracts trading so far today, representing approximately 235,200 underlying shares of CMI. Below is a chart showing CMI's trailing twelve month trading history, with the $135 strike highlighted in orange:

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And Johnson & Johnson (Symbol: JNJ) options are showing a volume of 37,797 contracts thus far today. That number of contracts represents approximately 3.8 million underlying shares, working out to a sizeable 50.8% of JNJ's average daily trading volume over the past month, of 7.4 million shares. Especially high volume was seen for the $115 strike call option expiring October 20, 2017 , with 9,321 contracts trading so far today, representing approximately 932,100 underlying shares of JNJ. Below is a chart showing JNJ's trailing twelve month trading history, with the $115 strike highlighted in orange:

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For the various different available expirations for M options , CMI options , or JNJ 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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