Among the S&P 500 index components, notable options trading was observed today for Block Inc (Symbol: XYZ), with 34,261 contracts transacted, equating to approximately 3.4 million underlying shares—55.6% of its monthly average trading volume of 6.2 million shares. A significant focus was on the $78 strike call option expiring June 5, 2026, with 3,475 contracts trading, representing about 347,500 underlying shares.
Lumentum Holdings Inc (Symbol: LITE) also experienced substantial options activity, recording 30,271 contracts, or approximately 3.0 million underlying shares, which is 48.9% of its average daily volume of 6.2 million shares. The $900 strike call option expiring May 29, 2026, saw 722 contracts traded, equating to about 72,200 underlying shares.
PayPal Holdings Inc (Symbol: PYPL) reported the highest trading volume among the three, with 70,181 contracts, representing approximately 7.0 million underlying shares—45.4% of its monthly average of 15.4 million shares. Particularly noteworthy was the $20 strike put option expiring January 15, 2027, with 4,471 contracts traded, indicating about 447,100 underlying shares.
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