PKG

Noteworthy Tuesday Option Activity: PKG, MPC, FDX

Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Packaging Corp of America (Symbol: PKG), where a total of 3,296 contracts have traded so far, representing approximately 329,600 underlying shares. That amounts to about 42.4% of PKG's average daily trading volume over the past month of 777,915 shares. Especially high volume was seen for the $85 strike put option expiring May 17, 2019, with 954 contracts trading so far today, representing approximately 95,400 underlying shares of PKG. Below is a chart showing PKG's trailing twelve month trading history, with the $85 strike highlighted in orange:

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Marathon Petroleum Corp. (Symbol: MPC) options are showing a volume of 27,457 contracts thus far today. That number of contracts represents approximately 2.7 million underlying shares, working out to a sizeable 41.8% of MPC's average daily trading volume over the past month, of 6.6 million shares. Especially high volume was seen for the $65 strike call option expiring May 17, 2019, with 4,580 contracts trading so far today, representing approximately 458,000 underlying shares of MPC. Below is a chart showing MPC's trailing twelve month trading history, with the $65 strike highlighted in orange:

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And FedEx Corp (Symbol: FDX) options are showing a volume of 9,447 contracts thus far today. That number of contracts represents approximately 944,700 underlying shares, working out to a sizeable 41% of FDX's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $190 strike put option expiring May 17, 2019, with 376 contracts trading so far today, representing approximately 37,600 underlying shares of FDX. Below is a chart showing FDX's trailing twelve month trading history, with the $190 strike highlighted in orange:

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For the various different available expirations for PKG options, MPC options, or FDX 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.

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