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Noteworthy Wednesday Option Activity: LLY, RH, IBM Stock Options Channel Staff - Wednesday, April 3, 3:33 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Eli Lilly (LLY), where a total volume of 35,231 contracts has been traded thus far today, a contract volume which is representative of approximately 3.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 125.5% of LLY's average daily trading volume over the past month, of 2.8 million shares. Especially high volume was seen for the $800 strike call option expiring April 05, 2024, with 4,472 contracts trading so far today, representing approximately 447,200 underlying shares of LLY. Below is a chart showing LLY's trailing twelve month trading history, with the $800 strike highlighted in orange:
RH (RH) saw options trading volume of 9,518 contracts, representing approximately 951,800 underlying shares or approximately 97.1% of RH's average daily trading volume over the past month, of 980,555 shares. Particularly high volume was seen for the $305 strike call option expiring April 05, 2024, with 479 contracts trading so far today, representing approximately 47,900 underlying shares of RH. Below is a chart showing RH's trailing twelve month trading history, with the $305 strike highlighted in orange:
And International Business Machines Corp (IBM) saw options trading volume of 42,204 contracts, representing approximately 4.2 million underlying shares or approximately 90.7% of IBM's average daily trading volume over the past month, of 4.7 million shares. Especially high volume was seen for the $215 strike call option expiring May 17, 2024, with 10,319 contracts trading so far today, representing approximately 1.0 million underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $215 strike highlighted in orange:
For the various different available expirations for LLY options, RH options, or IBM options, visit StockOptionsChannel.com.
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