Noteworthy Thursday Option Activity: GPS, LMT, MU
May 27, 2021 at 13:24 PM EDT
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in The Gap Inc (GPS), where a total volume of 42,598 contracts has been traded thus far today, a contract volume which is representative of approximately 4.3 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 63.6% of GPS's average daily trading volume over the past month, of 6.7 million shares..