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Noteworthy Wednesday Option Activity: LOW, K, AXP Stock Options Channel Staff - Wednesday, August 4, 1:35 PMLooking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Lowe's Companies Inc (LOW), where a total volume of 18,869 contracts has been traded thus far today, a contract volume which is representative of approximately 1.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59% of LOW's average daily trading volume over the past month, of 3.2 million shares. Especially high volume was seen for the $175 strike put option expiring August 27, 2021, with 3,544 contracts trading so far today, representing approximately 354,400 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $175 strike highlighted in orange:
Kellogg Co (K) saw options trading volume of 8,857 contracts, representing approximately 885,700 underlying shares or approximately 47.3% of K's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $62.50 strike put option expiring August 20, 2021, with 3,665 contracts trading so far today, representing approximately 366,500 underlying shares of K. Below is a chart showing K's trailing twelve month trading history, with the $62.50 strike highlighted in orange:
And American Express Co. (AXP) options are showing a volume of 19,689 contracts thus far today. That number of contracts represents approximately 2.0 million underlying shares, working out to a sizeable 46.5% of AXP's average daily trading volume over the past month, of 4.2 million shares. Especially high volume was seen for the $170 strike call option expiring October 15, 2021, with 9,320 contracts trading so far today, representing approximately 932,000 underlying shares of AXP. Below is a chart showing AXP's trailing twelve month trading history, with the $170 strike highlighted in orange:
For the various different available expirations for LOW options, K options, or AXP options, visit StockOptionsChannel.com.
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