Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in TJX Companies (NYSE: TJX), where a total volume of 24,158 contracts has been traded thus far today, a contract volume which is representative of approximately 2.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.6% of TJX's average daily trading volume over the past month, of 2.9 million shares. Particularly high volume was seen for the $77.50 strike call option expiring May 20, 2016, with 8,431 contracts trading so far today, representing approximately 843,100 underlying shares of TJX. Below is a chart showing TJX's trailing twelve month trading history, with the $77.50 strike highlighted in orange:
|