Noteworthy Tuesday Option Activity: M, DD, WBA

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Macy's Inc (Symbol: M), where a total volume of 22,292 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 47.5% of M's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $21 strike call option expiring May 31, 2024, with 6,175 contracts trading so far today, representing approximately 617,500 underlying shares of M. Below is a chart showing M's trailing twelve month trading history, with the $21 strike highlighted in orange:

DuPont (Symbol: DD) options are showing a volume of 14,092 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 46.7% of DD's average daily trading volume over the past month, of 3.0 million shares. Particularly high volume was seen for the $79 strike put option expiring June 21, 2024, with 3,507 contracts trading so far today, representing approximately 350,700 underlying shares of DD. Below is a chart showing DD's trailing twelve month trading history, with the $79 strike highlighted in orange:

And Walgreens Boots Alliance Inc (Symbol: WBA) saw options trading volume of 45,463 contracts, representing approximately 4.5 million underlying shares or approximately 44.3% of WBA's average daily trading volume over the past month, of 10.3 million shares. Especially high volume was seen for the $16 strike call option expiring May 31, 2024, with 4,066 contracts trading so far today, representing approximately 406,600 underlying shares of WBA. Below is a chart showing WBA's trailing twelve month trading history, with the $16 strike highlighted in orange:

For the various different available expirations for M options, DD options, or WBA options, visit StockOptionsChannel.com.

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

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