Noteworthy Tuesday Option Activity: AXP, CRM, CVX

Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American Express Co. (Symbol: AXP), where a total volume of 11,699 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 45.8% of AXP’s average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $227.50 strike call option expiring June 14, 2024, with 868 contracts trading so far today, representing approximately 86,800 underlying shares of AXP. Below is a chart showing AXP’s trailing twelve month trading history, with the $227.50 strike highlighted in orange:

Salesforce Inc (Symbol: CRM) options are showing a volume of 50,375 contracts thus far today. That number of contracts represents approximately 5.0 million underlying shares, working out to a sizeable 42.5% of CRM’s average daily trading volume over the past month, of 11.8 million shares.
Particularly high volume was seen for the $235 strike put option expiring June 14, 2024, with 3,907 contracts trading so far today, representing approximately 390,700 underlying shares of CRM. Below is a chart showing CRM’s trailing twelve month trading history, with the $235 strike highlighted in orange:

And Chevron Corporation (Symbol: CVX) saw options trading volume of 26,426 contracts, representing approximately 2.6 million underlying shares or approximately 41.1% of CVX’s average daily trading volume over the past month, of 6.4 million shares.
Particularly high volume was seen for the $160 strike call option expiring June 21, 2024, with 4,848 contracts trading so far today, representing approximately 484,800 underlying shares of CVX. Below is a chart showing CVX’s trailing twelve month trading history, with the $160 strike highlighted in orange:

For the various different available expirations for AXP options, CRM options, or CVX options, visit StockOptionsChannel.com.

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