Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in AutoZone, Inc. (Symbol: AZO), where a total volume of 726 contracts has been traded thus far today, a contract volume which is representative of approximately 72,600 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 52.7% of AZO’s average daily trading volume over the past month, of 137,790 shares. Particularly high volume was seen for the $2750 strike put option expiring June 21, 2024, with 106 contracts trading so far today, representing approximately 10,600 underlying shares of AZO. Below is a chart showing AZO’s trailing twelve month trading history, with the $2750 strike highlighted in orange:

Alphabet Inc (Symbol: GOOG) options are showing a volume of 115,611 contracts thus far today. That number of contracts represents approximately 11.6 million underlying shares, working out to a sizeable 51.3% of GOOG’s average daily trading volume over the past month, of 22.5 million shares.
Particularly high volume was seen for the $180 strike call option expiring May 24, 2024, with 15,312 contracts trading so far today, representing approximately 1.5 million underlying shares of GOOG. Below is a chart showing GOOG’s trailing twelve month trading history, with the $180 strike highlighted in orange:

And Carnival Corp (Symbol: CCL) saw options trading volume of 127,999 contracts, representing approximately 12.8 million underlying shares or approximately 51.2% of CCL’s average daily trading volume over the past month, of 25.0 million shares.
Especially high volume was seen for the $17.50 strike call option expiring June 21, 2024, with 11,673 contracts trading so far today, representing approximately 1.2 million underlying shares of CCL. Below is a chart showing CCL’s trailing twelve month trading history, with the $17.50 strike highlighted in orange:

For the various different available expirations for AZO options, GOOG options, or CCL options, visit StockOptionsChannel.com.

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

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• Williams Cos Technical Analysis
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.