Noteworthy Tuesday Option Activity: RHT, JPM, CVX
March 28, 2017 at 14:33 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Red Hat Inc (RHT), where a total volume of 22,473 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 121.7% of RHT's average daily trading volume over the past month, of 1.8 million shares..