Markets

Noteworthy Tuesday Option Activity: RHT, JPM, CVX

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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Red Hat Inc (Symbol: RHT), where a total volume of 22,473 contracts has been traded thus far today, a contract volume which is representative of approximately 2.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 121.7% of RHT's average daily trading volume over the past month, of 1.8 million shares. Especially high volume was seen for the $90 strike call option expiring April 21, 2017 , with 5,154 contracts trading so far today, representing approximately 515,400 underlying shares of RHT. Below is a chart showing RHT's trailing twelve month trading history, with the $90 strike highlighted in orange:

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JPMorgan Chase & Co (Symbol: JPM) saw options trading volume of 69,708 contracts, representing approximately 7.0 million underlying shares or approximately 42% of JPM's average daily trading volume over the past month, of 16.6 million shares. Particularly high volume was seen for the $90 strike call option expiring January 19, 2018 , with 13,034 contracts trading so far today, representing approximately 1.3 million underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $90 strike highlighted in orange:

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And Chevron Corporation (Symbol: CVX) saw options trading volume of 30,705 contracts, representing approximately 3.1 million underlying shares or approximately 41.6% of CVX's average daily trading volume over the past month, of 7.4 million shares. Particularly high volume was seen for the $105 strike put option expiring April 21, 2017 , with 4,106 contracts trading so far today, representing approximately 410,600 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $105 strike highlighted in orange:

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For the various different available expirations for RHT options , JPM options , or CVX 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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