Notable Option Activity Wednesday: KHC, MCK, EBAY

LIn terms of options trading activity among the constituents of the S&P 500 Index, there was notable activity today at Kraft Heinz Co (Ticker: KHC), where a total volume of 121,671 contracts was been traded so far today, a contract volume that represents approximately 12.2 million underlying shares (given that each contract represents 100 underlying shares). This number equates to 135% of KHC’s average daily trading volume over the past month, or 9.0 million shares. Particularly high volume was seen for the $39 strike call option expiring June 3, 2022, with 80,437 contracts traded so far today, representing approximately 8.0 million underlying shares from KHC. Below is a chart showing KHC’s trading history over the last twelve months, with the $39 strike highlighted in orange:

McKesson Corp (ticker: MCK) options are trading at 6,140 contracts so far today. This number of contracts represents approximately 614,000 underlying shares, or 49.3% of MCK’s average daily trading volume over the past month, or 1.2 million shares. Particularly high volume was seen for the $225 strike put option expiring June 3, 2022, with 963 contracts traded so far today, representing approximately 96,300 underlying MCK shares. Below is a chart showing MCK’s trading history over the last twelve months, with the $225 strike highlighted in orange:

And eBay Inc. Options (Symbol: EBAY) is showing a volume of 42,148 contracts so far today. This number of contracts represents approximately 4.2 million underlying shares, or 47% of EBAY’s average daily trading volume over the past month, or 9.0 million shares. Particularly high volume was seen for the $47.50 strike put option expiring August 19, 2022, with 17,853 contracts traded to date, representing approximately 1.8 million underlying shares of EBAY. Below is a graph showing EBAY’s past twelve month trading history, with the $47.50 strike highlighted in orange:

For the different expirations available for KHC options, MCK options or EBAY options, visit StockOptionsChannel.com.

Most active call and put options on the S&P 500 today »

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