Noteworthy Wednesday Option Activity: CVX, GIS, BMY
April 06, 2016 at 14:30 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Chevron Corporation (CVX), where a total volume of 43,987 contracts has been traded thus far today, a contract volume which is representative of approximately 4.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47.9% of CVX's average daily trading volume over the past month, of 9.2 million shares..