Unusual Options Trading Activity in S&P 500 Highlights Key Players

Today’s trading session has revealed significant options activity within the S&P 500 index, particularly involving Occidental Petroleum Corp (Symbol: OXY). As of now, the total volume for OXY stands at 68,209 contracts, translating to approximately 6.8 million underlying shares. This volume accounts for 48.7% of OXY’s average daily trading volume of 14.0 million shares over the past month. Notably, the $52 strike put option, which expires on October 18, 2024, recorded a high volume with 2,925 contracts traded. This figure represents about 292,500 shares of OXY. Below is a chart depicting OXY’s trading history over the past year, with the $52 strike highlighted in orange:

Micron Technology Inc. (Symbol: MU) has also demonstrated notable options trading activity today. A total of 144,223 contracts have been traded, which represents around 14.4 million underlying shares. This volume constitutes approximately 47.4% of MU’s average daily trading volume of 30.4 million shares over the last month. The $100 strike put option, set to expire on October 18, 2024, saw high interest with 18,606 contracts traded, equal to about 1.9 million shares of MU. The following chart shows MU’s twelve-month trading history, with the $100 strike marked in orange:

Another notable player, KLA Corp (Symbol: KLAC), also witnessed interesting activity, with a total of 3,390 contracts traded. This represents approximately 339,000 underlying shares, about 42.9% of KLAC’s average daily volume of 789,700 shares over the past month. A significant number of trades occurred for the $1120 strike call option expiring on June 20, 2025, with 394 contracts exchanged, covering around 39,400 shares of KLAC. Below is the chart highlighting KLAC’s trading activity over the past year, with the $1120 strike noted in orange:

To explore various options expirations for OXY, MU, or KLAC, visit StockOptionsChannel.com.

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

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