Noteworthy Wednesday Option Activity: ADP, CVX, CI

Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Automatic Data Processing Inc. (Symbol: ADP), where a total volume of 7,003 contracts has been traded thus far today, a contract volume which is representative of approximately 700,300 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.8% of ADP's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $300 strike call option expiring May 16, 2025, with 769 contracts trading so far today, representing approximately 76,900 underlying shares of ADP. Below is a chart showing ADP's trailing twelve month trading history, with the $300 strike highlighted in orange:

Chevron Corporation (Symbol: CVX) options are showing a volume of 31,672 contracts thus far today. That number of contracts represents approximately 3.2 million underlying shares, working out to a sizeable 42.5% of CVX's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $165 strike call option expiring March 21, 2025, with 16,056 contracts trading so far today, representing approximately 1.6 million underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $165 strike highlighted in orange:

And The Cigna Group (Symbol: CI) saw options trading volume of 6,285 contracts, representing approximately 628,500 underlying shares or approximately 41.8% of CI's average daily trading volume over the past month, of 1.5 million shares. Especially high volume was seen for the $297.50 strike put option expiring January 31, 2025, with 1,217 contracts trading so far today, representing approximately 121,700 underlying shares of CI. Below is a chart showing CI's trailing twelve month trading history, with the $297.50 strike highlighted in orange:

For the various different available expirations for ADP options, CVX options, or CI options, visit StockOptionsChannel.com.

Today's Most Active Call & Put Options of the S&P 500 »

Also see:

• OMQS shares outstanding history
• Top Ten Hedge Funds Holding GUSA
• VNT Average Annual Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.