Significant Options Activity in Key S&P 500 Stocks

Freeport-McMoran Leads the Pack With High Trading Volume

Today’s options trading activity in the S&P 500 index features notable movements, particularly in Freeport-McMoran Copper & Gold (Symbol: FCX). So far, 57,289 contracts have traded, which corresponds to about 5.7 million underlying shares, as each contract represents 100 shares. This volume amounts to 56.9% of FCX’s average daily trading volume of 10.1 million shares over the last month. A significant amount of this activity centered around the $44 strike call option expiring on November 15, 2024, with 3,288 contracts trading today, translating to roughly 328,800 underlying shares of FCX. The chart below illustrates FCX’s trading history for the past twelve months, highlighting the $44 strike in orange:

Caesars Entertainment Options Show Increased Activity

Caesars Entertainment Inc (Symbol: CZR) has also experienced a surge in options trading, with a total of 20,619 contracts traded today. This volume represents approximately 2.1 million underlying shares, or 55.9% of CZR’s average daily trading volume of 3.7 million shares during the previous month. Among this activity, 6,726 contracts for the $45 strike call option expiring on December 20, 2024, were particularly noteworthy, totaling around 672,600 underlying shares. The chart below displays CZR’s twelve-month trading history, with the $45 strike marked in orange:

Lamb Weston Holdings Sees High Volume in Put Options

In another development, Lamb Weston Holdings Inc (Symbol: LW) recorded a trading volume of 13,010 contracts. This figure is equivalent to approximately 1.3 million underlying shares, representing 55.8% of LW’s average daily trading volume over the past month of 2.3 million shares. The $70 strike put option, set to expire on January 17, 2025, gained attention with 8,001 contracts traded today, which accounts for about 800,100 underlying shares of LW. The chart below outlines LW’s trading history for the past twelve months, with the $70 strike indicated in orange:

For more information regarding available expirations for FCX, CZR, or LW options, please visit StockOptionsChannel.com.

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

Also see:

• Precious Metals Dividend Stocks
• Funds Holding BLH
• Institutional Holders of AGNG

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