Surge in Options Trading for Major Players: American Express, Starbucks, and Humana See High Volume

Recent data shows significant trading activity in options for key companies within the Russell 3000 index.

American Express Co. (Symbol: AXP) experienced remarkable options trading today, with a total of 12,705 contracts changing hands, indicating approximately 1.3 million underlying shares. This figure is about 52.5% of AXP’s average daily trading volume over the past month, which stands at 2.4 million shares. Notably, the $305 strike call option set to expire on December 06, 2024, saw especially high interest with 1,327 contracts trading, equating to around 132,700 underlying shares. Below is a chart illustrating AXP’s trading history for the past twelve months, with the $305 strike highlighted in orange:

Starbucks Corp. (Symbol: SBUX) reported even higher options trading volume, reaching 36,484 contracts, which represents approximately 3.6 million underlying shares. This volume makes up around 51.5% of SBUX’s average daily trading volume of 7.1 million shares over the last month. The $101 strike call option expiring December 06, 2024, was particularly active, with 8,359 contracts trading, corresponding to roughly 835,900 underlying shares. The chart below displays SBUX’s trading history for the past twelve months, highlighting the $101 strike in orange:

Meanwhile, Humana Inc. (Symbol: HUM) has seen activity with 8,169 contracts traded today, representing approximately 816,900 underlying shares. This accounts for 49.7% of HUM’s average daily trading volume in the last month, which is about 1.6 million shares. The $290 strike call option, expiring on December 13, 2024, recorded 1,247 contracts trading, translating to around 124,700 underlying shares. Below is a chart showing HUM’s trailing twelve month trading history, with the $290 strike marked in orange:

To explore different expiration options for AXP, SBUX, or HUM, visit StockOptionsChannel.com.

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

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