Noteworthy Tuesday Option Activity: OXY, SAIA, JACK

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Occidental Petroleum Corp (Symbol: OXY), where a total volume of 54,749 contracts has been traded thus far today, a contract volume which is representative of approximately 5.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 68.6% of OXY's average daily trading volume over the past month, of 8.0 million shares. Especially high volume was seen for the $62.50 strike put option expiring September 20, 2024, with 6,079 contracts trading so far today, representing approximately 607,900 underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $62.50 strike highlighted in orange:

Saia Inc (Symbol: SAIA) options are showing a volume of 3,081 contracts thus far today. That number of contracts represents approximately 308,100 underlying shares, working out to a sizeable 68.3% of SAIA's average daily trading volume over the past month, of 451,175 shares. Particularly high volume was seen for the $430 strike put option expiring July 19, 2024, with 1,015 contracts trading so far today, representing approximately 101,500 underlying shares of SAIA. Below is a chart showing SAIA's trailing twelve month trading history, with the $430 strike highlighted in orange:

And Jack in the Box, Inc. (Symbol: JACK) saw options trading volume of 3,733 contracts, representing approximately 373,300 underlying shares or approximately 66.6% of JACK's average daily trading volume over the past month, of 560,225 shares. Particularly high volume was seen for the $47.50 strike put option expiring July 19, 2024, with 1,501 contracts trading so far today, representing approximately 150,100 underlying shares of JACK. Below is a chart showing JACK's trailing twelve month trading history, with the $47.50 strike highlighted in orange:

For the various different available expirations for OXY options, SAIA options, or JACK options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

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