Noteworthy Thursday Option Activity: CMG, BA, NVDA

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Chipotle Mexican Grill Inc (Symbol: CMG), where a total of 14,948 contracts have traded so far, representing approximately 1.5 million underlying shares. That amounts to about 228.3% of CMG’s average daily trading volume over the past month of 654,855 shares. Particularly high volume was seen for the $760 strike call option expiring November 15, 2019, with 1,186 contracts trading so far today, representing approximately 118,600 underlying shares of CMG. Below is a chart showing CMG’s trailing twelve month trading history, with the $760 strike highlighted in orange:

Boeing Co. (Symbol: BA) saw options trading volume of 103,184 contracts, representing approximately 10.3 million underlying shares or approximately 171.6% of BA’s average daily trading volume over the past month, of 6.0 million shares. Especially high volume was seen for the $370 strike call option expiring November 15, 2019, with 17,572 contracts trading so far today, representing approximately 1.8 million underlying shares of BA. Below is a chart showing BA’s trailing twelve month trading history, with the $370 strike highlighted in orange:

And NVIDIA Corp (Symbol: NVDA) options are showing a volume of 108,885 contracts thus far today. That number of contracts represents approximately 10.9 million underlying shares, working out to a sizeable 156.1% of NVDA’s average daily trading volume over the past month, of 7.0 million shares. Especially high volume was seen for the $210 strike call option expiring November 15, 2019, with 4,521 contracts trading so far today, representing approximately 452,100 underlying shares of NVDA. Below is a chart showing NVDA’s trailing twelve month trading history, with the $210 strike highlighted in orange:

For the various different available expirations for CMG options, BA options, or NVDA options, visit StockOptionsChannel.com.

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