Noteworthy Wednesday Option Activity: MPC, C, MCD
Stock Options Channel Staff - Wednesday, July 14, 2:57 PMAmong the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Marathon Petroleum Corp. (MPC), where a total of 48,493 contracts have traded so far, representing approximately 4.8 million underlying shares. That amounts to about 87.7% of MPC's average daily trading volume over the past month of 5.5 million shares. Particularly high volume was seen for the $65 strike call option expiring October 15, 2021, with 13,892 contracts trading so far today, representing approximately 1.4 million underlying shares of MPC. Below is a chart showing MPC's trailing twelve month trading history, with the $65 strike highlighted in orange:
Citigroup Inc (C) saw options trading volume of 176,273 contracts, representing approximately 17.6 million underlying shares or approximately 69% of C's average daily trading volume over the past month, of 25.5 million shares.
Especially high volume was seen for the $70 strike call option expiring July 16, 2021, with 12,755 contracts trading so far today, representing approximately 1.3 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $70 strike highlighted in orange:
And McDonald's Corp (MCD) options are showing a volume of 15,475 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 68.2% of MCD's average daily trading volume over the past month, of 2.3 million shares.
Especially high volume was seen for the $240 strike call option expiring July 16, 2021, with 3,141 contracts trading so far today, representing approximately 314,100 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $240 strike highlighted in orange:
For the various different available expirations for MPC options, C options, or MCD options, visit StockOptionsChannel.com.