Highlights from Wednesday’s Option Activity: Costco, CrowdStrike, and Apple

Published On: December 4, 2024 9:27 pm

Significant Surge in Options Trading for Major Companies

Today’s trading activity among Russell 3000 components reveals some noteworthy trends in options trading, particularly for Costco Wholesale Corp, CrowdStrike Holdings Inc., and Apple Inc.

Costco Wholesale Corp’s Options Volume Jumps

In Costco Wholesale Corp (Symbol: COST), a staggering 36,070 options contracts have been exchanged today. This contract volume corresponds to about 3.6 million underlying shares, representing 182.8% of COST’s average daily trading volume of 2.0 million shares over the past month. A significant interest is seen in the $1000 strike call option expiring on December 06, 2024, with 5,195 contracts traded today, which equates to approximately 519,500 underlying shares.

COST Trading Chart

CrowdStrike Holdings Inc. Surges in Activity

CrowdStrike Holdings Inc (Symbol: CRWD) has also witnessed considerable options trading today, with 69,481 contracts changing hands. This translates to around 6.9 million underlying shares, making up 172.6% of CRWD’s average daily trading volume of 4.0 million shares. A highlight of today’s activity features the $360 strike call option, which saw 3,172 contracts traded, representing about 317,200 underlying shares.

CRWD Trading Chart

Apple Inc. Options See Massive Volume

Apple Inc (Symbol: AAPL) has experienced an impressive volume of 654,172 contracts today, amounting to approximately 65.4 million underlying shares. This activity accounts for 150.7% of AAPL’s average daily trading volume of 43.4 million shares. Notably, the $245 strike call option expiring on December 06, 2024, recorded a hefty 58,229 contracts traded, corresponding to about 5.8 million underlying shares.

AAPL Trading Chart