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30 April
Noteworthy Tuesday Option Activity: IBM, GNRC, YUM

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in International Business Machines Corp (Symbol: IBM), where a total volume of 21,589 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 48% of IBM's average daily trading volume over the past month, of 4.5 million shares. Especially high volume was seen for the $170 strike call option expiring May 03, 2024, with 3,972 contracts trading so far today, representing approximately 397,200 underlying shares of IBM. Below is a chart showing IBM's trailing twelve month trading history, with the $170 strike highlighted in orange:

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Generac Holdings Inc (Symbol: GNRC) saw options trading volume of 6,205 contracts, representing approximately 620,500 underlying shares or approximately 47.8% of GNRC's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $120 strike put option expiring May 03, 2024, with 1,052 contracts trading so far today, representing approximately 105,200 underlying shares of GNRC. Below is a chart showing GNRC's trailing twelve month trading history, with the $120 strike highlighted in orange:

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And Yum! Brands Inc (Symbol: YUM) saw options trading volume of 9,076 contracts, representing approximately 907,600 underlying shares or approximately 47.6% of YUM's average daily trading volume over the past month, of 1.9 million shares. Especially high volume was seen for the $135 strike call option expiring October 18, 2024, with 6,002 contracts trading so far today, representing approximately 600,200 underlying shares of YUM. Below is a chart showing YUM's trailing twelve month trading history, with the $135 strike highlighted in orange:

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For the various different available expirations for IBM options, GNRC options, or YUM options, visit StockOptionsChannel.com.

Also see:

Seven Options Myths Debunked
GCOR Videos
SAQN Historical Stock Prices

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.