Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mondelez International Inc (NASD: MDLZ), where a total volume of 70,895 contracts has been traded thus far today, a contract volume which is representative of approximately 7.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 115.5% of MDLZ's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $60 strike put option expiring August 19, 2016, with 33,000 contracts trading so far today, representing approximately 3.3 million underlying shares of MDLZ. Below is a chart showing MDLZ's trailing twelve month trading history, with the $60 strike highlighted in orange:
Bed, Bath & Beyond, Inc. (NASD: BBBY) saw options trading volume of 15,847 contracts, representing approximately 1.6 million underlying shares or approximately 74.4% of BBBY's average daily trading volume over the past month, of 2.1 million shares.
Especially high volume was seen for the $42 strike put option expiring July 15, 2016, with 3,143 contracts trading so far today, representing approximately 314,300 underlying shares of BBBY. Below is a chart showing BBBY's trailing twelve month trading history, with the $42 strike highlighted in orange:
And JPMorgan Chase & Co (NYSE: JPM) options are showing a volume of 56,074 contracts thus far today. That number of contracts represents approximately 5.6 million underlying shares, working out to a sizeable 40.1% of JPM's average daily trading volume over the past month, of 14.0 million shares.
Particularly high volume was seen for the $64 strike call option expiring July 15, 2016, with 3,232 contracts trading so far today, representing approximately 323,200 underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $64 strike highlighted in orange:
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