Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chevron Corporation (NYSE: CVX), where a total volume of 38,059 contracts has been traded thus far today, a contract volume which is representative of approximately 3.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.3% of CVX's average daily trading volume over the past month, of 7.9 million shares. Particularly high volume was seen for the $107 strike put option expiring December 09, 2016, with 1,661 contracts trading so far today, representing approximately 166,100 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $107 strike highlighted in orange:
Waste Management, Inc. (NYSE: WM) saw options trading volume of 9,638 contracts, representing approximately 963,800 underlying shares or approximately 48.2% of WM's average daily trading volume over the past month, of 2.0 million shares.
Particularly high volume was seen for the $65 strike call option expiring December 16, 2016, with 2,732 contracts trading so far today, representing approximately 273,200 underlying shares of WM. Below is a chart showing WM's trailing twelve month trading history, with the $65 strike highlighted in orange:
And Micron Technology Inc. (NASD: MU) options are showing a volume of 119,655 contracts thus far today. That number of contracts represents approximately 12.0 million underlying shares, working out to a sizeable 48.1% of MU's average daily trading volume over the past month, of 24.9 million shares.
Particularly high volume was seen for the $20.50 strike call option expiring December 02, 2016, with 14,197 contracts trading so far today, representing approximately 1.4 million underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $20.50 strike highlighted in orange:
For the various different available expirations for CVX options, WM options, or MU options, visit StockOptionsChannel.com.
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