Noteworthy Wednesday Option Activity: SHOE, ALLY, IBM
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Shoe Station Group Inc (Symbol: SHOE), where a total volume of 10,742 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 137.6% of SHOE's average daily trading volume over the past month, of 780,585 shares. Especially high volume was seen for the $12.50 strike put option expiring October 16, 2026, with 7,613 contracts trading so far today, representing approximately 761,300 underlying shares of SHOE. Below is a chart showing SHOE's trailing twelve month trading history, with the $12.50 strike highlighted in orange:
Ally Financial Inc (Symbol: ALLY) options are showing a volume of 31,495 contracts thus far today. That number of contracts represents approximately 3.1 million underlying shares, working out to a sizeable 114.7% of ALLY's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $45 strike call option expiring September 18, 2026, with 5,767 contracts trading so far today, representing approximately 576,700 underlying shares of ALLY. Below is a chart showing ALLY's trailing twelve month trading history, with the $45 strike highlighted in orange:
And International Business Machines Corp (Symbol: IBM) saw options trading volume of 51,274 contracts, representing approximately 5.1 million underlying shares or approximately 108.4% of IBM's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $250 strike call option expiring September 11, 2026, with 4,939 contracts trading so far today, representing approximately 493,900 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $250 strike highlighted in orange:
For the various different available expirations for SHOE options, ALLY options, or IBM options, visit StockOptionsChannel.com.
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