Rising Options Activity: Best Buy, Starbucks, and Axon Lead the Charge

Today’s options trading is heating up among several major players in the S&P 500, particularly Best Buy, Starbucks, and Axon Enterprise.

Best Buy Sees Significant Options Activity

Best Buy Inc (Symbol: BBY) has attracted considerable attention with a total trading volume of 48,165 contracts today. This translates to around 4.8 million underlying shares, which is 116.4% of BBY’s average daily trading volume over the past month, recorded at 4.1 million shares. Notably, the $75 strike call option expiring on December 20, 2024 has been particularly favored, with 20,160 contracts traded, representing around 2.0 million underlying shares. Below is a chart reflecting BBY’s trading history over the last twelve months, with the $75 strike highlighted in orange:

Starbucks Options Volume Reflects Light Trading

Starbucks Corp. (Symbol: SBUX) is also in the spotlight with options trading reaching 62,580 contracts, which accounts for about 6.3 million underlying shares. This represents approximately 91% of SBUX’s average daily trading volume of 6.9 million shares over the past month. The $98 strike call option, set to expire on December 20, 2024, has drawn significant interest, with 12,247 contracts traded, representing roughly 1.2 million underlying shares. Below is a chart illustrating SBUX’s trading history for the past year, with the $98 strike option marked in orange:

Axon Enterprise Registers Modest Options Trading

Axon Enterprise Inc (Symbol: AXON) has recorded a trading volume of 4,489 contracts, corresponding to approximately 448,900 underlying shares. This figure is about 54.7% of AXON’s average daily trading volume over the last month, which stands at 820,490 shares. The $700 strike call option expiring on December 20, 2024 saw a volume of 692 contracts, equating to roughly 69,200 underlying shares. Below is the chart showing AXON’s trading history, with the $700 strike highlighted in orange:

For more details on available options for BBY, SBUX, or AXON, visit StockOptionsChannel.com.

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

Also see:

• David Einhorn Stock Picks
• Funds Holding SNH
• Institutional Holders of SELB

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