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Notable Tuesday Option Activity: CVX, NEM, WGO

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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Chevron Corporation (Symbol: CVX), where a total volume of 22,047 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 42.1% of CVX’s average daily trading volume over the past month, of 5.2 million shares. Particularly high volume was seen for the $105 strike call option expiring August 18, 2017 , with 3,148 contracts trading so far today, representing approximately 314,800 underlying shares of CVX. Below is a chart showing CVX’s trailing twelve month trading history, with the $105 strike highlighted in orange:

Newmont Mining Corp (Symbol: NEM) saw options trading volume of 19,046 contracts, representing approximately 1.9 million underlying shares or approximately 41.8% of NEM’s average daily trading volume over the past month, of 4.6 million shares. Especially high volume was seen for the $36 strike call option expiring July 21, 2017 , with 4,072 contracts trading so far today, representing approximately 407,200 underlying shares of NEM. Below is a chart showing NEM’s trailing twelve month trading history, with the $36 strike highlighted in orange: And Winnebago Industries, Inc. (Symbol: WGO) options are showing a volume of 1,602 contracts thus far today. That number of contracts represents approximately 160,200 underlying shares, working out to a sizeable 40.4% of WGO’s average daily trading volume over the past month, of 396,290 shares. Particularly high volume was seen for the $27 strike call option expiring July 21, 2017 , with 276 contracts trading so far today, representing approximately 27,600 underlying shares of WGO. Below is a chart showing WGO’s trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for CVX options , NEM options , or WGO options , visit StockOptionsChannel.com.

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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