Highlights from Friday’s Notable Options Activity: CVX, NEM, OXY

Chevron Corporation (CVX) reported significant options trading volume on October 6, 2023, with a total of 57,190 contracts traded, equating to approximately 5.7 million underlying shares—73% of its average daily volume of 7.8 million shares. Notably, 12,507 contracts for the $200 strike call option expiring on August 14, 2026, were recorded, representing around 1.3 million underlying shares.

Newmont Corp (NEM) saw a trading volume of 51,583 contracts, approximately 5.2 million underlying shares, or 68% of its average daily volume of 7.6 million shares. The $140 strike call option expiring on October 16, 2026, comprised 21,010 contracts, totaling about 2.1 million underlying shares.

Occidental Petroleum Corp (OXY) experienced options trading volume of 42,648 contracts, equaling around 4.3 million underlying shares and 50% of its average daily volume of 8.5 million shares. The $60 strike call option expiring on August 21, 2026, had significant activity with 8,379 contracts traded, representing approximately 837,900 underlying shares.