Noteworthy Tuesday Option Activity: HES, NEM, PCP
January 26, 2016 at 13:24 PM EST
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Hess Corp (HES), where a total volume of 43,804 contracts has been traded thus far today, a contract volume which is representative of approximately 4.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 80.8% of HES's average daily trading volume over the past month, of 5.4 million shares..