Options Trading Activity: Intuitive Surgical, SpringWorks, and Philip Morris

Among the components of the Russell 3000 index, notable options trading activity was observed today in Intuitive Surgical Inc. (Symbol: ISRG). A total of 13,620 contracts have traded so far, equating to approximately 1.4 million underlying shares. This figure accounts for about 52.6% of ISRG’s average daily trading volume over the past month, which is 2.6 million shares. A significant portion of today’s volume was concentrated on the $380 strike put option set to expire on April 25, 2025, with 607 contracts trading, representing around 60,700 underlying shares of ISRG. Below is a chart illustrating ISRG’s trading history for the past twelve months, with the $380 strike highlighted in orange:

SpringWorks Therapeutics Inc. (Symbol: SWTX) is also experiencing significant options activity today, with 10,951 contracts traded so far. This represents approximately 1.1 million underlying shares, which is about 52.4% of SWTX’s average daily trading volume over the past month of 2.1 million shares. A noteworthy volume was recorded for the $50 strike call option expiring on June 20, 2025, with 1,107 contracts trading, equating to around 110,700 underlying shares of SWTX. Below is a chart detailing SWTX’s trading history over the last twelve months, with the $50 strike highlighted in orange:

Additionally, Philip Morris International Inc. (Symbol: PM) shows robust trading volumes, with 36,809 contracts traded today. This volume represents approximately 3.7 million underlying shares, amounting to about 52.3% of PM’s average daily trading volume over the past month, which is 7.0 million shares. High volume was particularly noted for the $165 strike call option expiring on May 16, 2025, with 5,260 contracts trading, representing approximately 526,000 underlying shares of PM. Below is a chart depicting PM’s trading history for the prior twelve months, with the $165 strike highlighted in orange:

For various available expirations for ISRG, SWTX, or PM options, 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.