Surge in Options Trading Among S&P 500 Giants: Delta, AutoZone, and Apollo Global Make Headlines

Options trading has seen significant activity today in several S&P 500 companies, particularly at Delta Air Lines Inc (Symbol: DAL), AutoZone, Inc. (Symbol: AZO), and Apollo Global Management Inc (Symbol: APO).

Delta Air Lines Sees Major Options Trading Activity

Delta Air Lines (DAL) has recorded a total trading volume of 40,310 options contracts today. This volume corresponds to about 4.0 million shares since each contract represents 100 shares. Remarkably, this figure constitutes 45.8% of DAL’s average daily trading volume for the past month, which stands at 8.8 million shares. Notably, the $65 strike put option, set to expire on February 21, 2025, has gained attention with 9,106 contracts traded, equating to roughly 910,600 underlying shares. Below is a chart showing DAL’s trading history for the past year, with the $65 strike option marked in orange:

AutoZone Experiences Increased Options Activity

Similarly, AutoZone (AZO) has observed options trading volume reaching 531 contracts, which represents approximately 53,100 underlying shares. This amount accounts for about 44% of AZO’s average daily trading volume of 120,545 shares over the last month. High activity was also noted for the $3220 strike put option expiring on February 21, 2025, with 51 contracts traded, corresponding to about 5,100 underlying shares. Below is a chart displaying AZO’s trading history for the past year, with the $3220 strike highlighted:

Apollo Global Management’s Options Trading on the Rise

Apollo Global Management (APO) is also making headlines, having recorded a trading volume of 35,044 options contracts. This translates to about 3.5 million underlying shares and represents a substantial 42.5% of APO’s average daily trading volume, which is 8.2 million shares. The $185 strike call option expiring on January 16, 2026, has seen the highest volume, with 15,219 contracts traded, covering approximately 1.5 million underlying shares. Below is a chart detailing APO’s trading history for the past year, highlighting the $185 strike:

For details on various options expirations available for DAL, AZO, or APO, visit StockOptionsChannel.com.

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