Surge in Options Trading Among S&P 500 Giants

HCA Healthcare Inc Sees Strong Activity

Looking at options trading among S&P 500 companies today, HCA Healthcare Inc (Symbol: HCA) has attracted notable interest, with a total of 6,663 contracts traded so far. This trading volume translates to about 666,300 underlying shares, as each contract represents 100 shares. Impressively, this amount is 56.7% of HCA’s average daily trading volume over the past month, which stands at 1.2 million shares.

The $350 strike put option, set to expire on November 15, 2024, has experienced particularly high volume today, with 548 contracts traded, representing roughly 54,800 underlying shares. Below is a chart illustrating HCA’s trading activity over the past year, with the $350 strike option marked in orange:

PepsiCo Inc’s Option Volume Climbing

PepsiCo Inc (Symbol: PEP) is also seeing significant options trading today, with a total of 27,788 contracts changing hands. This amounts to around 2.8 million underlying shares, representing a substantial 51.4% of PEP’s average daily trading volume for the past month, which is 5.4 million shares.

Particularly noteworthy is the $177.50 strike call option with a November 1, 2024 expiration. Today, 9,190 contracts have been traded, correlating to approximately 919,000 underlying shares. Below is a chart displaying PEP’s trading history over the last year, highlighted with the $177.50 strike:

FedEx Corp Draws Attention with Options Activity

FedEx Corp (Symbol: FDX) is witnessing heightened options trading, with a current volume of 7,005 contracts. This translates to approximately 700,500 underlying shares, covering 48.7% of FDX’s average daily trading volume of 1.4 million shares over the last month.

The $285 strike call option expiring on November 1, 2024, has particularly attracted attention, with 1,945 contracts traded today, equating to around 194,500 underlying shares. Below is a chart detailing FDX’s trading history over the past year, with the $285 strike featured prominently:

To explore the various available expirations for HCA, PEP, or FDX options, visit StockOptionsChannel.com.

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

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