Surge in Options Trading: McDonald’s, Albemarle, and Johnson & Johnson Stand Out

Today’s options trading among major S&P 500 companies reveals significant activity, particularly for McDonald’s Corporation, Albemarle Corporation, and Johnson & Johnson.

McDonald’s Corp (Symbol: MCD) Sees High Volume

McDonald’s has achieved a remarkable volume of 20,024 options contracts traded today. This translates to about 2.0 million underlying shares, equating to 53.6% of MCD’s average daily trading volume of 3.7 million shares for the past month. Notably, the $300 strike call option set to expire on November 29, 2024, has drawn attention, with 2,487 contracts trading, or roughly 248,700 underlying shares. Below is the chart detailing MCD’s trading history over the past twelve months, with the $300 strike highlighted in orange:

Albemarle Corp (Symbol: ALB) Records Steady Activity

Albemarle has seen a robust trading volume of 10,333 options contracts today, representing about 1.0 million underlying shares. This activity accounts for approximately 43.5% of ALB’s average daily trading volume of 2.4 million shares over the last month. The $120 strike put option, expiring January 17, 2025, is particularly active, with 1,001 contracts traded, corresponding to 100,100 underlying shares. Here is a chart showcasing ALB’s trading history for the past year, highlighting the $120 strike:

Johnson & Johnson (Symbol: JNJ) Shows Strong Option Activity

Johnson & Johnson is also in the spotlight, with 32,438 contracts traded today, amounting to approximately 3.2 million underlying shares. This figure represents 43.2% of JNJ’s average daily trading volume of 7.5 million shares in the past month. The $160 strike call option, which expires on June 20, 2025, has seen significant interest as well, with 2,491 contracts traded, equating to around 249,100 underlying shares. The following chart illustrates JNJ’s trading history over the last twelve months, marking the $160 strike:

Explore More Options

To find various expirations for MCD, ALB, or JNJ options, 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 the views of Nasdaq, Inc.