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Noteworthy Monday Option Activity: INTC, MMM, SPOT Stock Options Channel Staff - Monday, July 26, 3:19 PMLooking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Intel Corp (INTC), where a total volume of 208,562 contracts has been traded thus far today, a contract volume which is representative of approximately 20.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 86.5% of INTC's average daily trading volume over the past month, of 24.1 million shares. Especially high volume was seen for the $57 strike call option expiring August 20, 2021, with 13,068 contracts trading so far today, representing approximately 1.3 million underlying shares of INTC. Below is a chart showing INTC's trailing twelve month trading history, with the $57 strike highlighted in orange:
3M Co (MMM) options are showing a volume of 19,276 contracts thus far today. That number of contracts represents approximately 1.9 million underlying shares, working out to a sizeable 81.7% of MMM's average daily trading volume over the past month, of 2.4 million shares. Especially high volume was seen for the $210 strike call option expiring September 17, 2021, with 1,602 contracts trading so far today, representing approximately 160,200 underlying shares of MMM. Below is a chart showing MMM's trailing twelve month trading history, with the $210 strike highlighted in orange:
And Spotify Technology SA (SPOT) options are showing a volume of 8,610 contracts thus far today. That number of contracts represents approximately 861,000 underlying shares, working out to a sizeable 81% of SPOT's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $250 strike call option expiring July 30, 2021, with 996 contracts trading so far today, representing approximately 99,600 underlying shares of SPOT. Below is a chart showing SPOT's trailing twelve month trading history, with the $250 strike highlighted in orange:
For the various different available expirations for INTC options, MMM options, or SPOT options, visit StockOptionsChannel.com.
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