Noteworthy Tuesday Option Activity: IBM, GNRC, YUM
April 30, 2024 at 15:16 PM EDT
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in International Business Machines Corp (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..