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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Freeport-McMoran Copper & Gold (Symbol: FCX), where a total volume of 79,142 contracts has been traded thus far today, a contract volume which is representative of approximately 7.9 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 48.3% of FCX's average daily trading volume over the past month, of 16.4 million shares. Particularly high volume was seen for the $57 strike call option expiring April 26, 2024, with 8,160 contracts trading so far today, representing approximately 816,000 underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $57 strike highlighted in orange:

AutoZone, Inc. (Symbol: AZO) options are showing a volume of 604 contracts thus far today. That number of contracts represents approximately 60,400 underlying shares, working out to a sizeable 43.9% of AZO's average daily trading volume over the past month, of 137,590 shares. Particularly high volume was seen for the $3450 strike call option expiring April 19, 2024, with 360 contracts trading so far today, representing approximately 36,000 underlying shares of AZO. Below is a chart showing AZO's trailing twelve month trading history, with the $3450 strike highlighted in orange:

And W.W. Grainger Inc. (Symbol: GWW) options are showing a volume of 758 contracts thus far today. That number of contracts represents approximately 75,800 underlying shares, working out to a sizeable 40.1% of GWW's average daily trading volume over the past month, of 188,870 shares. Especially high volume was seen for the $840 strike call option expiring May 17, 2024, with 91 contracts trading so far today, representing approximately 9,100 underlying shares of GWW. Below is a chart showing GWW's trailing twelve month trading history, with the $840 strike highlighted in orange:

For the various different available expirations for FCX options, AZO options, or GWW options, visit StockOptionsChannel.com.

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