On October 5, 2023, Bank of America Corp (BAC) experienced significant options trading activity, with a total of 208,520 contracts traded, equating to approximately 20.9 million underlying shares. This volume represents about 59.7% of BAC’s average daily trading volume of 34.9 million shares over the past month. Notably, the $65 strike call option expiring on September 18, 2026, saw 27,197 contracts traded, representing around 2.7 million underlying shares.
In the same timeframe, Warner Bros Discovery Inc (WBD) recorded 125,911 contracts traded, approximately 12.6 million underlying shares, comprising 58% of its average daily trading volume of 21.7 million shares. The $25 strike put option expiring on August 21, 2026, was particularly active with 31,840 contracts traded, translating to about 3.2 million underlying shares.
Palo Alto Networks, Inc (PANW) also saw considerable trading, reporting 40,489 contracts, equivalent to about 4.0 million underlying shares, or 53.6% of its average daily volume of 7.6 million shares. The $380 strike call option expiring on July 17, 2026, accounted for 2,488 contracts traded, representing approximately 248,800 underlying shares.
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