Notable Tuesday Option Activity: CMG, IBM, FCX
December 12, 2017 at 14:22 PM EST
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Chipotle Mexican Grill Inc (CMG), where a total volume of 12,434 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 100% of CMG's average daily trading volume over the past month, of 1.2 million shares..