Spike in Options Trading for Major Companies: GOOGL, GOOG, and CZR
Alphabet Inc Experiences Unusual Trading Volume
Today, options trading has surged for Alphabet Inc (Symbol: GOOGL), with a total volume of 815,909 contracts traded. This volume translates to about 81.6 million underlying shares, as each contract represents 100 shares. This figure is 382.4% higher than GOOGL’s average daily trading volume of 21.3 million shares over the past month. The $180 strike call option, expiring on November 01, 2024, has been particularly active, with 70,614 contracts changing hands today, equating to roughly 7.1 million underlying shares of GOOGL. Below is a chart illustrating GOOGL’s trading history over the past year, highlighting the $180 strike in orange:
GOOG Shares Surge in Options Activity
Alphabet’s other stock, Alphabet Inc (Symbol: GOOG), has also seen substantial activity, with an options trading volume of 355,284 contracts today. This amount represents approximately 35.5 million underlying shares, or 253.6% of GOOG’s average daily trading volume of 14.0 million shares over the past month. Notably, the $185 strike call option, expiring on November 01, 2024, has seen a high volume of 24,328 contracts, or around 2.4 million underlying shares. The chart below showcases GOOG’s trading history for the past twelve months, with the $185 strike marked in orange:
Caesars Entertainment Shows Significant Volume
In a similar trend, Caesars Entertainment Inc (Symbol: CZR) has reported an options volume of 50,080 contracts, equivalent to approximately 5.0 million underlying shares. This figure represents 150% of CZR’s average daily trading volume of 3.3 million shares over the past month. The $36 strike put option, expiring on November 29, 2024, recorded a notable volume of 5,613 contracts today, translating to around 561,300 underlying shares of CZR. Below is a chart illustrating CZR’s trading activity over the last year, with the $36 strike highlighted in orange:
To explore the variety of available expirations for options on GOOGL, GOOG, or CZR, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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