Noteworthy Wednesday Option Activity: IBM, MCD, SRNE
January 27, 2021 at 15:29 PM EST
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in International Business Machines Corp (IBM), where a total volume of 99,553 contracts has been traded thus far today, a contract volume which is representative of approximately 10.0 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 125.9% of IBM's average daily trading volume over the past month, of 7.9 million shares..