Noteworthy Tuesday Option Activity: GPS, IQV, MU
Stock Options Channel Staff - Tuesday, May 11, 1:24 PMAmong the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in The Gap Inc (GPS), where a total of 33,330 contracts have traded so far, representing approximately 3.3 million underlying shares. That amounts to about 64.7% of GPS's average daily trading volume over the past month of 5.2 million shares. Especially high volume was seen for the $34 strike call option expiring May 21, 2021, with 7,560 contracts trading so far today, representing approximately 756,000 underlying shares of GPS. Below is a chart showing GPS's trailing twelve month trading history, with the $34 strike highlighted in orange:
IQVIA Holdings Inc (IQV) saw options trading volume of 6,843 contracts, representing approximately 684,300 underlying shares or approximately 59.5% of IQV's average daily trading volume over the past month, of 1.1 million shares.
Especially high volume was seen for the $230 strike call option expiring May 21, 2021, with 4,033 contracts trading so far today, representing approximately 403,300 underlying shares of IQV. Below is a chart showing IQV's trailing twelve month trading history, with the $230 strike highlighted in orange:
And Micron Technology Inc. (MU) options are showing a volume of 98,259 contracts thus far today. That number of contracts represents approximately 9.8 million underlying shares, working out to a sizeable 54.3% of MU's average daily trading volume over the past month, of 18.1 million shares.
Especially high volume was seen for the $82.50 strike call option expiring August 20, 2021, with 9,819 contracts trading so far today, representing approximately 981,900 underlying shares of MU. Below is a chart showing MU's trailing twelve month trading history, with the $82.50 strike highlighted in orange:
For the various different available expirations for GPS options, IQV options, or MU options, visit StockOptionsChannel.com.