Significant Tuesday Options Movement: UNH, MSFT, ADI

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On October 6, 2023, notable options trading activity was reported for several companies within the S&P 500 index. UnitedHealth Group Inc (UNH) saw 29,842 contracts traded, equivalent to roughly 3.0 million underlying shares, making up 72.9% of its average daily trading volume of 4.1 million shares. The $415 strike call option expiring September 25, 2026, accounted for 2,871 contracts, or approximately 287,100 shares.

Microsoft Corporation (MSFT) experienced options trading volume of 165,131 contracts, representing about 16.5 million underlying shares, approximately 71.8% of its average daily volume of 23.0 million shares. Notably, the $490 strike put option expiring September 9, 2026, accounted for 8,281 contracts, equating to around 828,100 shares.

Analog Devices Inc (ADI) saw 22,604 contracts traded, translating to approximately 2.3 million underlying shares, or 62.8% of its average daily trading volume of 3.6 million shares. The $420 strike call option expiring December 18, 2026, recorded particularly high activity with 10,900 contracts, or approximately 1.1 million shares.

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