Active Options Trading: Insights from Bank of America, Newmont, and Medtronic
Bank of America Options Surge with Impressive Volume
Looking at the options trading activity in the Russell 3000 index, Bank of America Corp (Symbol: BAC) is making headlines today. A total of 159,417 contracts have traded, equating to about 15.9 million underlying shares, which represents 45.7% of BAC’s average daily trading volume of 34.9 million shares over the last month. Notably, the $47 strike call option expiring January 17, 2025, saw particularly heavy activity, with 12,004 contracts traded today, translating to around 1.2 million underlying shares of BAC. The chart below illustrates BAC’s trailing twelve-month trading history, with the $47 strike highlighted in orange:
Newmont Corp’s Options Volume Reflects Increased Trading Interest
Newmont Corp (Symbol: NEM) is also experiencing noteworthy options activity, with 36,735 contracts traded so far today. This figure corresponds to approximately 3.7 million underlying shares, making up 45.5% of NEM’s average daily trading volume of 8.1 million shares over the past month. The $57 strike call option, set to expire on October 18, 2024, stands out with 2,975 contracts traded, representing about 297,500 underlying shares of NEM. Below is the chart showcasing NEM’s trading history over the past year, featuring the $57 strike in orange:
Medtronic Sees Significant Options Trading Activity
Medtronic PLC (Symbol: MDT) has reported a trading volume of 25,200 options contracts, representing around 2.5 million underlying shares. This amount indicates approximately 44.9% of MDT’s average daily volume of 5.6 million shares in the past month. A highlight within this trading is the $90 strike call option expiring on October 18, 2024, which has witnessed 4,599 contracts traded so far, equating to about 459,900 underlying shares of MDT. The chart below displays MDT’s trading performance over the past twelve months, with the $90 strike marked in orange:
For further details on available expirations for BAC, NEM, or MDT options, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
Also see:
- FMBI Price Target
- ADCT Market Cap History
- Institutional Holders of ETR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
