Notable Friday Option Activity: IBM, STZ, BAC
September 20, 2019 at 13:17 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in International Business Machines Corp (IBM), where a total volume of 16,018 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50% of IBM's average daily trading volume over the past month, of 3.2 million shares..