Market News Video

Notable Wednesday Option Activity: BIIB, EXPE, IBM

By Market News Video Staff, Wednesday, October 20, 1:22 PM ET

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Biogen Inc (NASDAQ:BIIB), where a total volume of 8,582 contracts has been traded thus far today, a contract volume which is representative of approximately 858,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 92.5% of BIIB's average daily trading volume over the past month, of 927,465 shares. Especially high volume was seen for the $270 strike call option expiring November 19, 2021, with 477 contracts trading so far today, representing approximately 47,700 underlying shares of BIIB. Below is a chart showing BIIB's trailing twelve month trading history, with the $270 strike highlighted in orange:

Expedia Group Inc (NASDAQ:EXPE) options are showing a volume of 17,356 contracts thus far today. That number of contracts represents approximately 1.7 million underlying shares, working out to a sizeable 90.1% of EXPE's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $165 strike call option expiring November 19, 2021, with 9,307 contracts trading so far today, representing approximately 930,700 underlying shares of EXPE. Below is a chart showing EXPE's trailing twelve month trading history, with the $165 strike highlighted in orange:

And International Business Machines Corp (NYSE:IBM) options are showing a volume of 35,265 contracts thus far today. That number of contracts represents approximately 3.5 million underlying shares, working out to a sizeable 80.7% of IBM's average daily trading volume over the past month, of 4.4 million shares. Particularly high volume was seen for the $142 strike call option expiring October 22, 2021, with 3,099 contracts trading so far today, representing approximately 309,900 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $142 strike highlighted in orange:

For the various different available expirations for BIIB options, EXPE options, or IBM options, visit StockOptionsChannel.com.


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