HomeMarket NewsNoteworthy Thursday Option Activity: LLY, CNC, BAC

Noteworthy Thursday Option Activity: LLY, CNC, BAC

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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Eli Lilly (Symbol: LLY), where a total volume of 15,513 contracts has been traded thus far today, a contract volume which is representative of approximately 1.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 59.3% of LLY’s average daily trading volume over the past month, of 2.6 million shares. Particularly high volume was seen for the $830 strike call option expiring May 31, 2024, with 1,759 contracts trading so far today, representing approximately 175,900 underlying shares of LLY. Below is a chart showing LLY’s trailing twelve month trading history, with the $830 strike highlighted in orange:

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Centene Corp (Symbol: CNC) saw options trading volume of 20,335 contracts, representing approximately 2.0 million underlying shares or approximately 57.6% of CNC’s average daily trading volume over the past month, of 3.5 million shares.
Particularly high volume was seen for the $68 strike put option expiring June 07, 2024, with 4,157 contracts trading so far today, representing approximately 415,700 underlying shares of CNC. Below is a chart showing CNC’s trailing twelve month trading history, with the $68 strike highlighted in orange:

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And Bank of America Corp (Symbol: BAC) saw options trading volume of 162,927 contracts, representing approximately 16.3 million underlying shares or approximately 53.3% of BAC’s average daily trading volume over the past month, of 30.6 million shares.
Especially high volume was seen for the $38.50 strike put option expiring May 31, 2024, with 30,461 contracts trading so far today, representing approximately 3.0 million underlying shares of BAC. Below is a chart showing BAC’s trailing twelve month trading history, with the $38.50 strike highlighted in orange:

Loading+chart+—+2024+TickerTech.com

For the various different available expirations for LLY options, CNC options, or BAC options, visit StockOptionsChannel.com.

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

Also see:

• Utilities Dividend Stock List
• Funds Holding FNAL
• WEA Average Annual Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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