Noteworthy Friday Option Activity: OXY, IBM, TH
Nasdaq Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Occidental Petroleum Corp (Symbol: OXY), where a total volume of 60,330 contracts has been traded thus far today, a contract volume which is representative of approximately 6.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 54.8% of OXY's average daily trading volume over the past month, of 11.0 million shares. Particularly high volume was seen for the $35 strike put option expiring August 18, 2023, with 11,115 contracts trading so far today, representing approximately 1.1 million underlying shares of OXY. Below is a chart showing OXY's trailing twelve month trading history, with the $35 strike highlighted in orange:
International Business Machines Corp (Symbol: IBM) saw options trading volume of 24,352 contracts, representing approximately 2.4 million underlying shares or approximately 54.5% of IBM's average daily trading volume over the past month, of 4.5 million shares. Especially high volume was seen for the $136 strike call option expiring June 09, 2023, with 3,295 contracts trading so far today, representing approximately 329,500 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $136 strike highlighted in orange:
