Options Trading Activity Highlights: Merck, Sonos, and Alcoa Stand Out
Options trading is bustling today for several companies listed in the Russell 3000 index, with noteworthy movements in Merck & Co Inc, Sonos Inc, and Alcoa Corporation.
Merck & Co Inc (MRK) Sees Significant Trades
In today’s trading, Merck & Co Inc (Symbol: MRK) has recorded an impressive total of 67,211 options contracts, translating to around 6.7 million underlying shares. This represents 67.3% of the company’s average daily trading volume of 10.0 million shares over the past month. A substantial portion of activity centered on the $115 strike put option, which expires on November 15, 2024. So far, 19,272 contracts have been traded, equating to about 1.9 million underlying shares of MRK.
Sonos Inc (SONO) Reports Strong Options Volume
Sonos Inc (Symbol: SONO) has also marked a substantial options trading day, with 11,233 contracts exchanged thus far today. This volume corresponds to approximately 1.1 million underlying shares and represents 67.3% of SONO’s average daily trading volume of 1.7 million shares in the past month. Notably, the $15 strike put option expiring on November 15, 2024, has seen heightened interest, with 4,790 contracts traded, translating to around 479,000 underlying shares.
Alcoa Corporation (AA) Experiences Strong Trading Activity
Alcoa Corporation (Symbol: AA) has recorded 30,817 options contracts traded today, equivalent to roughly 3.1 million underlying shares, or 65.2% of the month’s average daily trading volume of 4.7 million shares. A noteworthily active option today is the $45 strike call option, which expires on January 17, 2025. This option has witnessed the trading of 14,213 contracts, representing about 1.4 million underlying shares of AA.
For further details on available options for MRK, SONO, or AA, visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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