High Options Trading Activity for Bristol Myers, Quanta Services, and McDonald’s

Market Insight: Bristol Myers Squibb (BMY) Sees Surging Options Volume

Today, options trading has caught attention with Bristol Myers Squibb Co. (Symbol: BMY) reaching a total trading volume of 75,494 contracts, which equates to roughly 7.5 million underlying shares. This impressive volume represents 82% of BMY’s average daily trading volume of 9.2 million shares over the past month. Notably, the $55 strike call option expiring on November 15, 2024, has gained traction, with 3,422 contracts traded today, corresponding to about 342,200 underlying shares. Below is a chart illustrating BMY’s trading history over the past twelve months, with the $55 strike option highlighted in orange:

Quanta Services (PWR) Draws Attention with Options Activity

In another significant trading move, Quanta Services, Inc. (Symbol: PWR) recorded options trading of 4,236 contracts today, which translates to approximately 423,600 underlying shares, or roughly 50.3% of the company’s average daily trading volume of 842,190 shares for the last month. A standout option has been the $340 strike call option expiring on December 20, 2024, with 1,707 contracts traded so far, representing around 170,700 underlying shares. Below is a chart depicting PWR’s twelve-month trading history, with the $340 strike indicated in orange:

McDonald’s Corp (MCD) Experiences Increased Options Activity

McDonald’s Corp (Symbol: MCD) also saw a surge in options trading with 23,700 contracts representing about 2.4 million underlying shares. This trading volume accounts for approximately 47.3% of MCD’s average daily trading volume of 5.0 million shares in the past month. Specifically, the $307.50 strike call option expiring November 15, 2024, has attracted high interest, with 7,970 contracts traded today, equating to around 797,000 underlying shares. The chart below shows MCD’s trading history over the last year, highlighting the $307.50 strike option in orange:

To explore the various expirations available for options on BMY, PWR, or MCD, you can visit StockOptionsChannel.com.

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• Institutional Holders of SURF
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