Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Electronic Arts, Inc. (NASD: EA), where a total volume of 21,698 contracts has been traded thus far today, a contract volume which is representative of approximately 2.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 82.3% of EA's average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $75.50 strike put option expiring July 22, 2016, with 11,505 contracts trading so far today, representing approximately 1.2 million underlying shares of EA. Below is a chart showing EA's trailing twelve month trading history, with the $75.50 strike highlighted in orange:
|