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Notable Wednesday Option Activity: BBY, GM, PAYC Stock Options Channel Staff - Wednesday, September 8, 1:23 PMLooking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Best Buy Inc (BBY), where a total volume of 11,969 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.6% of BBY's average daily trading volume over the past month, of 2.7 million shares. Especially high volume was seen for the $111 strike call option expiring September 10, 2021, with 2,069 contracts trading so far today, representing approximately 206,900 underlying shares of BBY. Below is a chart showing BBY's trailing twelve month trading history, with the $111 strike highlighted in orange:
General Motors Co (GM) saw options trading volume of 68,271 contracts, representing approximately 6.8 million underlying shares or approximately 41.9% of GM's average daily trading volume over the past month, of 16.3 million shares. Especially high volume was seen for the $49 strike call option expiring September 10, 2021, with 10,087 contracts trading so far today, representing approximately 1.0 million underlying shares of GM. Below is a chart showing GM's trailing twelve month trading history, with the $49 strike highlighted in orange:
And Paycom Software Inc (PAYC) options are showing a volume of 1,304 contracts thus far today. That number of contracts represents approximately 130,400 underlying shares, working out to a sizeable 41.6% of PAYC's average daily trading volume over the past month, of 313,435 shares. Particularly high volume was seen for the $370 strike call option expiring October 15, 2021, with 258 contracts trading so far today, representing approximately 25,800 underlying shares of PAYC. Below is a chart showing PAYC's trailing twelve month trading history, with the $370 strike highlighted in orange:
For the various different available expirations for BBY options, GM options, or PAYC options, visit StockOptionsChannel.com.
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