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On the S&P 500 index, significant options trading was observed on October 10, 2023, for three major companies. Alphabet Inc (GOOGL) reported 254,532 contracts traded, equating to approximately 25.5 million underlying shares, representing 56.4% of its average daily trading volume of 45.1 million shares. Notably, 24,532 contracts were for the $320 strike call option expiring December 5, 2025.
Robinhood Markets Inc (HOOD) recorded a trading volume of 178,626 contracts, or about 17.9 million underlying shares, which is 55.8% of its average daily volume of 32 million shares. The $135 strike call option expiring on December 5, 2025 had 11,904 contracts traded. Meanwhile, Bristol Myers Squibb Co. (BMY) saw 76,515 contracts traded, approximately 7.7 million shares or 55.5% of its average daily volume of 13.8 million shares, with 6,852 contracts in the $52.50 strike call option expiring January 16, 2026.
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