Options Trading Surge: Amazon, Tesla, and Microsoft Take the Stage

High Volume Signals Investor Interest in Major Tech Stocks

Today’s options trading activity among S&P 500 companies shows significant movement, particularly for Amazon.com Inc (Symbol: AMZN). So far, a total of 240,131 contracts have been traded, equivalent to around 24.0 million underlying shares. This volume represents 74.9% of AMZN’s average daily trading volume of 32.0 million shares over the past month. Notably, the $190 strike call option that expires on October 25, 2024, saw 35,246 contracts traded today, which translates to approximately 3.5 million underlying shares. Below is AMZN’s trading history from the last twelve months with the $190 strike highlighted:

Meanwhile, Tesla Inc (Symbol: TSLA) is experiencing a large volume of action, with 533,709 contracts traded today. This figure represents about 53.4 million underlying shares, accounting for 70.1% of TSLA’s average daily trading volume of 76.2 million shares this past month. A standout was the $220 strike call option, which has seen 32,348 contracts exchanged, or roughly 3.2 million underlying shares. Below is a chart that captures TSLA’s trading performance over the last twelve months, with the $220 strike emphasized:

Additionally, Microsoft Corporation (Symbol: MSFT) reported an options volume of 113,290 contracts. This amount corresponds to roughly 11.3 million underlying shares, representing 69.4% of MSFT’s average daily trading volume of 16.3 million shares over the previous month. The $420 strike call option is particularly active, with 6,620 contracts traded today, indicating approximately 662,000 underlying shares. Below is Microsoft’s twelve-month trading chart featuring the $420 strike highlighted:

For more information on available expirations for options on AMZN, TSLA, or MSFT, explore StockOptionsChannel.com.

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