Among the S&P 500 index components, significant options trading was noted today, particularly in Applovin Corp (APP) with 31,998 contracts traded, equating to approximately 3.2 million underlying shares, or 56.7% of its average daily trading volume of 5.6 million shares. Notable activity includes the $460 strike call option, with 1,933 contracts traded, representing about 193,300 underlying shares.
Archer Daniels Midland Co. (ADM) also saw considerable activity, with 19,442 contracts traded, approximately 1.9 million underlying shares, or 54.2% of its average daily volume of 3.6 million shares. The $77.50 strike call option was particularly active, with 8,149 contracts traded, representing around 814,900 underlying shares.
Occidental Petroleum Corp (OXY) marked the highest volume among these, with 106,972 contracts trading, representing about 10.7 million underlying shares, or 52.5% of its average daily volume of 20.4 million shares. Noteworthy was the $61 strike call option, with 9,649 contracts traded, correlating to approximately 964,900 underlying shares.
