Altria, Philip Morris, and AMD See Surge in Options Trading
High Volume Highlights Interest in Key Stocks
Today, traders have shown a significant increase in options trading for Altria Group Inc (Symbol: MO). So far, 606,716 contracts have been traded, representing around 60.7 million underlying shares. This figure is approximately 687.6% of MO’s average daily trading volume of 8.8 million shares over the past month. Notably, the $50 strike call option expiring on January 17, 2025, has seen particularly high activity, with 120,940 contracts traded today, equivalent to about 12.1 million underlying shares of MO. The accompanying chart highlights MO’s trading history, with the $50 strike marked in orange:
Philip Morris International Inc (Symbol: PM) also experienced increased options trading, with 153,804 contracts exchanged, which corresponds to approximately 15.4 million underlying shares. This volume constitutes about 306% of PM’s monthly average daily trading volume of 5.0 million shares. The $110 strike call option expiring January 17, 2025, stood out with 57,018 contracts traded today, translating to around 5.7 million underlying shares of PM. A chart illustrating PM’s trading trend, with the $110 strike highlighted, is provided below:
In another market sector, Advanced Micro Devices Inc (Symbol: AMD) has reported options trading volumes of 345,636 contracts today. This represents roughly 34.6 million underlying shares, or 88.6% of AMD’s average daily trading volume of 39.0 million shares over the last month. The $126 strike call option expiring December 27, 2024, has garnered attention too, with 22,564 contracts traded today, which equals about 2.3 million underlying shares of AMD. Below is a chart showing AMD’s trading history, highlighting the $126 strike in orange:
For further information on various expirations available for options on MO, PM, or AMD, please visit StockOptionsChannel.com.
Today’s Most Active Call & Put Options of the S&P 500 »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
