Notable Thursday Option Activity: PSX, EAR, KHC
Stock Options Channel Staff - Thursday, February 18, 3:17 PMAmong the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Phillips 66 (PSX), where a total of 29,628 contracts have traded so far, representing approximately 3.0 million underlying shares. That amounts to about 110.9% of PSX's average daily trading volume over the past month of 2.7 million shares. Particularly high volume was seen for the $55 strike call option expiring February 19, 2021, with 5,972 contracts trading so far today, representing approximately 597,200 underlying shares of PSX. Below is a chart showing PSX's trailing twelve month trading history, with the $55 strike highlighted in orange:
Eargo Inc (EAR) options are showing a volume of 3,110 contracts thus far today. That number of contracts represents approximately 311,000 underlying shares, working out to a sizeable 106.7% of EAR's average daily trading volume over the past month, of 291,450 shares.
Especially high volume was seen for the $80 strike put option expiring April 16, 2021, with 1,553 contracts trading so far today, representing approximately 155,300 underlying shares of EAR. Below is a chart showing EAR's trailing twelve month trading history, with the $80 strike highlighted in orange:
And Kraft Heinz Co (KHC) saw options trading volume of 74,809 contracts, representing approximately 7.5 million underlying shares or approximately 102.5% of KHC's average daily trading volume over the past month, of 7.3 million shares.
Especially high volume was seen for the $40 strike call option expiring March 19, 2021, with 7,093 contracts trading so far today, representing approximately 709,300 underlying shares of KHC. Below is a chart showing KHC's trailing twelve month trading history, with the $40 strike highlighted in orange:
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