Noteworthy Tuesday Option Activity: SBUX, CNM, MKC

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Starbucks Corp. (Symbol: SBUX), where a total volume of 115,514 contracts has been traded thus far today, a contract volume which is representative of approximately 11.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 53.3% of SBUX's average daily trading volume over the past month, of 21.7 million shares. Especially high volume was seen for the $100 strike call option expiring November 15, 2024, with 6,466 contracts trading so far today, representing approximately 646,600 underlying shares of SBUX. Below is a chart showing SBUX's trailing twelve month trading history, with the $100 strike highlighted in orange:

Core & Main Inc (Symbol: CNM) saw options trading volume of 9,362 contracts, representing approximately 936,200 underlying shares or approximately 53% of CNM's average daily trading volume over the past month, of 1.8 million shares. Particularly high volume was seen for the $55 strike call option expiring September 20, 2024, with 4,258 contracts trading so far today, representing approximately 425,800 underlying shares of CNM. Below is a chart showing CNM's trailing twelve month trading history, with the $55 strike highlighted in orange:

And McCormick & Co Inc (Symbol: MKC) saw options trading volume of 7,899 contracts, representing approximately 789,900 underlying shares or approximately 52.8% of MKC's average daily trading volume over the past month, of 1.5 million shares. Particularly high volume was seen for the $65 strike put option expiring September 20, 2024, with 3,903 contracts trading so far today, representing approximately 390,300 underlying shares of MKC. Below is a chart showing MKC's trailing twelve month trading history, with the $65 strike highlighted in orange:

For the various different available expirations for SBUX options, CNM options, or MKC options, visit StockOptionsChannel.com.

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

Also see:

• Funds Holding PBTP
• FUNC Stock Predictions
• RAIL Average Annual Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.