Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Molson Coors Brewing Co. (NYSE: TAP), where a total volume of 17,891 contracts has been traded thus far today, a contract volume which is representative of approximately 1.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 64.9% of TAP's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $65 strike call option expiring January 15, 2016, with 8,250 contracts trading so far today, representing approximately 825,000 underlying shares of TAP. Below is a chart showing TAP's trailing twelve month trading history, with the $65 strike highlighted in orange:
Walt Disney Co. (NYSE: DIS) saw options trading volume of 37,468 contracts, representing approximately 3.7 million underlying shares or approximately 42.7% of DIS's average daily trading volume over the past month, of 8.8 million shares.
Particularly high volume was seen for the $125 strike call option expiring January 15, 2016, with 2,393 contracts trading so far today, representing approximately 239,300 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $125 strike highlighted in orange:
And ConocoPhillips (NYSE: COP) saw options trading volume of 29,574 contracts, representing approximately 3.0 million underlying shares or approximately 41.5% of COP's average daily trading volume over the past month, of 7.1 million shares.
Particularly high volume was seen for the $70 strike call option expiring January 20, 2017, with 5,024 contracts trading so far today, representing approximately 502,400 underlying shares of COP. Below is a chart showing COP's trailing twelve month trading history, with the $70 strike highlighted in orange:
For the various different available expirations for TAP options, DIS options, or COP options, visit StockOptionsChannel.com.
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