On October 5, 2023, significant trading activity was observed in options for three components of the S&P 500 index. Lam Research Corp (LRCX) reported a total volume of 35,123 contracts traded, equating to approximately 3.5 million underlying shares, or 46.2% of its average daily volume of 7.6 million shares. Notably, 2,291 contracts of the $280 strike call option expiring on September 18, 2026, were traded, representing about 229,100 underlying shares.
ServiceNow Inc (NOW) also saw notable trading, with 72,782 contracts traded, corresponding to around 7.3 million underlying shares, or 43.6% of its average daily volume of 16.7 million shares. The $145 strike call option expiring on September 25, 2026, had high activity with 4,503 contracts, representing roughly 450,300 underlying shares.
Additionally, Applied Materials, Inc. (AMAT) experienced 29,068 contracts traded, amounting to 2.9 million underlying shares, or 43.5% of its average daily volume of 6.7 million shares. The $440 strike call option expiring on November 20, 2026, saw a significant volume of 2,776 contracts, representing about 277,600 underlying shares.
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