Noteworthy Thursday Option Activity: PSX, MSTR, ZGNX
May 20, 2021 at 15:31 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Phillips 66 (PSX), where a total volume of 38,820 contracts has been traded thus far today, a contract volume which is representative of approximately 3.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 157.3% of PSX's average daily trading volume over the past month, of 2.5 million shares..