Options Trading Insights: High Volume Activity for Key Stocks

Today’s options trading highlights significant volumes for several components of the Russell 3000 index, particularly for PulteGroup Inc (Symbol: PHM), The Cigna Group (Symbol: CI), and Amgen Inc (Symbol: AMGN). Let’s explore the details.

PulteGroup Inc Sees Strong Trading Volume

PulteGroup Inc has witnessed a total of 6,381 options contracts traded today. This figure corresponds to about 638,100 underlying shares, which represents 48.1% of PHM’s average daily trading volume over the past month of approximately 1.3 million shares. Notably, there has been heightened activity for the $100 strike put option expiring September 19, 2025, with 502 contracts exchanged, equating to around 50,200 underlying shares of PHM. Below, PHM’s trailing twelve-month trading history illustrates this activity, with the $100 strike marked in orange:

The Cigna Group’s Active Options Market

The Cigna Group also showed considerable options activity today, with a total of 5,446 contracts traded. This equates to 544,600 underlying shares and about 46.4% of CI’s average daily trading volume of 1.2 million shares over the last month. The $305 strike put option expiring October 25, 2024, reflects particularly robust trading, with 388 contracts exchanged, amounting to approximately 38,800 underlying shares. A chart below depicts CI’s trading history, with the significant $305 strike highlighted:

Amgen Inc Shows Strong Options Activity

Amgen Inc has experienced an impressive total of 8,661 contracts traded today. This volume represents about 866,100 underlying shares and 45.4% of AMGN’s average daily trading volume of 1.9 million shares over the past month. The $325 strike call option expiring November 22, 2024, captured notable interest with 572 contracts traded, equating to roughly 57,200 underlying shares of AMGN. The chart below illustrates AMGN’s trading activity over the past year with the $325 strike emphasized:

For further details on the various available expirations for options related to PHM, CI, or AMGN, feel free to visit StockOptionsChannel.com.

Today’s Most Active Call & Put Options of the S&P 500 »

Also see:

• Top Ten Hedge Funds Holding CHOC
• Top Ten Hedge Funds Holding TZL
• ETFs Holding AROC

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.