High Options Activity in Freeport-McMoRan, Cleveland-Cliffs, and Apollo Global

Today’s options trading revealed significant volume in various stocks within the Russell 3000 index. Let’s take a closer look at the highlights for Freeport-McMoRan Copper & Gold, Cleveland-Cliffs Inc, and Apollo Global Management Inc.

Freeport-McMoRan Delivers Impressive Options Volume

Notable activity was recorded in Freeport-McMoRan Copper & Gold (Symbol: FCX), with a total trading volume of 50,046 contracts. This translates to approximately 5.0 million underlying shares, which is about 53.4% of FCX’s average daily trading volume of 9.4 million shares over the last month. The standout was the $50 strike call option expiring January 17, 2025, where 10,756 contracts exchanged hands, equating to roughly 1.1 million underlying shares. Below is a chart displaying FCX’s trading history for the past year, with the $50 strike highlighted in orange:

Cleveland-Cliffs Reports Strong Options Activity

Cleveland-Cliffs Inc (Symbol: CLF) also showed significant options trading, with a volume of 50,464 contracts today. This number represents approximately 5.0 million underlying shares, accounting for around 53% of CLF’s average daily trading of 9.5 million shares over the past month. Noteworthy was the $10 strike put option expiring November 15, 2024, which saw 6,056 contracts traded, representing about 605,600 underlying shares of CLF. Below is a chart illustrating CLF’s trading performance over the past year with the $10 strike marked in orange:

Apollo Global Management Shows Robust Trading Activity

Apollo Global Management Inc (Symbol: APO) had a volume of 13,134 contracts today, which corresponds to approximately 1.3 million underlying shares. This represents 52.1% of APO’s average daily trading volume of 2.5 million shares for the past month. The $155 strike call option that expires on November 15, 2024, was particularly active, with 1,561 contracts traded, representing around 156,100 underlying shares. Below is a chart displaying APO’s trading history for the past year, with the $155 strike highlighted in orange:

For a comprehensive look at the various expiration dates for options on FCX, CLF, and APO, visit StockOptionsChannel.com.

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