On October 24, 2023, notable options trading activity was observed in the S&P 500 index involving Occidental Petroleum Corp (OXY), Walmart Inc (WMT), and Best Buy Inc (BBY). OXY’s options volume reached 44,181 contracts, equating to roughly 4.4 million shares, or 54.8% of its average daily trading volume of 8.1 million shares. A high volume was recorded for the $61 strike call option expiring August 28, 2026, with 8,904 contracts traded.
Walmart saw a total options trading volume of 127,057 contracts, representing about 12.7 million shares and 46.2% of its average daily volume of 27.5 million shares. The $103 strike call option for WMT also experienced significant traffic, with 7,875 contracts traded. Furthermore, Best Buy recorded options trading of 15,146 contracts, approximately 1.5 million shares, or 43.9% of its average daily volume of 3.5 million shares, with the $82.50 strike call option garnering 2,828 contracts.
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