Sharp Increase in Options Trading for Microsoft, ON Semiconductor, and MGM Resorts

Microsoft Options Volume Surges

Looking into today’s options trading for the S&P 500 index, Microsoft Corporation (Symbol: MSFT) stands out with a significant total volume of 122,723 contracts. This activity represents about 12.3 million underlying shares since each contract refers to 100 shares. Notably, this volume makes up 49.9% of MSFT’s average daily trading volume of 24.6 million shares over the last month.

A notable spike occurred for the $427.50 strike call option, which is set to expire on November 29, 2024. Today alone, 9,751 contracts have traded, representing approximately 975,100 underlying shares of MSFT. Below is a chart illustrating MSFT’s trading history over the past twelve months, highlighting the $427.50 strike in orange:

ON Semiconductor Shows Strong Options Activity

ON Semiconductor Corp (Symbol: ON) also experienced considerable options trading today with a volume of 26,116 contracts. This corresponds to around 2.6 million underlying shares, or about 44.5% of ON’s average daily volume of 5.9 million shares for the past month.

Particularly notable was the activity for the $58 strike put option, expiring on December 06, 2024, with 10,800 contracts trading today, reflecting approximately 1.1 million underlying shares of ON. Below is a chart depicting ON’s trading history, with the $58 strike designated in orange:

MGM Resorts Sees Increased Options Trading

MGM Resorts International (Symbol: MGM) noted a trading volume of 20,038 contracts today, equating to around 2.0 million underlying shares. This figure represents approximately 44.2% of MGM’s average daily trading volume of 4.5 million shares over the past month.

The $38 strike call option, with an expiration date of November 29, 2024, particularly caught attention, as 13,443 contracts have traded today, amounting to about 1.3 million underlying shares of MGM. Below is a chart illustrating MGM’s trading history over the last year, with the $38 strike highlighted in orange:

For a variety of options expirations related to MSFT, ON, or MGM, you can visit StockOptionsChannel.com.

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

Also see:

• 10 Components Hedge Funds Are Selling
• Funds Holding REMY
• SMTI shares outstanding history

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