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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Citigroup Inc (Symbol: C), where a total volume of 138,474 contracts has been traded thus far today, a contract volume which is representative of approximately 13.8 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 93.7% of C's average daily trading volume over the past month, of 14.8 million shares. Particularly high volume was seen for the $57 strike call option expiring March 15, 2024, with 44,506 contracts trading so far today, representing approximately 4.5 million underlying shares of C. Below is a chart showing C's trailing twelve month trading history, with the $57 strike highlighted in orange:

Loews Corp. (Symbol: L) saw options trading volume of 4,349 contracts, representing approximately 434,900 underlying shares or approximately 53.8% of L's average daily trading volume over the past month, of 807,875 shares. Especially high volume was seen for the $75 strike call option expiring April 19, 2024, with 2,097 contracts trading so far today, representing approximately 209,700 underlying shares of L. Below is a chart showing L's trailing twelve month trading history, with the $75 strike highlighted in orange:

And Chevron Corporation (Symbol: CVX) saw options trading volume of 44,887 contracts, representing approximately 4.5 million underlying shares or approximately 52.7% of CVX's average daily trading volume over the past month, of 8.5 million shares. Particularly high volume was seen for the $165 strike call option expiring June 21, 2024, with 10,073 contracts trading so far today, representing approximately 1.0 million underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $165 strike highlighted in orange:

For the various different available expirations for C options, L options, or CVX options, visit StockOptionsChannel.com.

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