Noteworthy Friday Option Activity: NOV, AZO, IBM
March 15, 2019 at 13:33 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in National Oilwell Varco Inc (NOV), where a total volume of 97,670 contracts has been traded thus far today, a contract volume which is representative of approximately 9.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 296.4% of NOV's average daily trading volume over the past month, of 3.3 million shares..