Significant Options Trading Activity Observed in McDonald’s, UPS, and Discover Financial

High Volume and Key Strike Prices Dominate Today’s Trading Landscape

Among the components of the S&P 500 index, McDonald’s Corp (Symbol: MCD) is attracting attention with a notable rise in options trading today. A total of 179,869 contracts have exchanged hands, reflecting approximately 18.0 million underlying shares. This trading volume represents about 734.4% of MCD’s average daily volume of 2.4 million shares over the past month. The $300 strike call option set to expire on October 25, 2024, has garnered particular interest, with 10,905 contracts traded today, equating to around 1.1 million underlying shares of MCD. The following chart captures MCD’s trading history over the last twelve months, highlighting the $300 strike in orange:

Next, United Parcel Service Inc (Symbol: UPS) is experiencing substantial options activity as well. Currently, 22,797 contracts have been traded today, representing approximately 2.3 million underlying shares. This volume constitutes about 68.8% of UPS’s average daily trading volume of 3.3 million shares from the past month. The $128 strike put option expiring on November 01, 2024, has seen heightened interest, with 3,054 contracts traded today, representing around 305,400 underlying shares of UPS. The chart below illustrates UPS’s trading activity for the past twelve months, with the $128 strike marked in orange:

Finally, Discover Financial Services (Symbol: DFS) has reported a trading volume of 6,618 contracts today. This translates to about 661,800 underlying shares, which is 60.2% of DFS’s average daily volume of 1.1 million shares over the previous month. The $130 strike put option set to expire on November 15, 2024, is particularly active, with 2,300 contracts traded thus far, representing approximately 230,000 underlying shares of DFS. The following chart displays DFS’s trading history for the past twelve months, with the $130 strike highlighted in orange:

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