Highlights from Wednesday’s Options Trading: MMM, BNY, BLK

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Options trading activity among S&P 500 components showed significant volumes on October 6, 2023. 3M Co (MMM) recorded a total of 19,675 contracts traded, representing approximately 2.0 million underlying shares, which accounts for 57.4% of its average daily trading volume of 3.4 million shares. Notably, the $170 strike call option expiring on July 17, 2026, saw 13,369 contracts traded.

BlackRock New York Municipal Income Trust (BNY) experienced trading of 24,244 contracts, equivalent to about 2.4 million underlying shares or 56.7% of its average daily volume of 4.3 million shares. The $140 strike put option expiring on January 15, 2027, was particularly active with 10,009 contracts traded.

Additionally, BlackRock Inc (BLK) reported a volume of 4,242 contracts, translating to approximately 424,200 underlying shares, making up 48.2% of its average daily volume of 879,180 shares. The $1,200 strike call option expiring on July 17, 2026, saw 245 contracts traded today.
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