**Options Trading Activity Highlights for October 4, 2023**
On October 4, 2023, Occidental Petroleum Corp (OXY) saw significant options trading with a total volume of 63,116 contracts, amounting to approximately 6.3 million underlying shares. This represents 80.2% of OXY’s average daily volume of 7.9 million shares. The $61 strike call option expiring on September 25, 2026, was particularly active, with 19,149 contracts traded, equating to about 1.9 million underlying shares.
Eli Lilly (LLY) also experienced notable activity, with 17,413 contracts traded, representing 1.7 million underlying shares and 73.3% of its average daily volume of 2.4 million shares. The $1600 strike call option expiring on October 23, 2026, recorded 1,128 contracts, roughly 112,800 underlying shares.
In addition, McDonald’s Corp (MCD) reported a trading volume of 29,958 contracts, approximately 3.0 million underlying shares, or 62.6% of its average daily volume of 4.8 million shares. High activity was noted in the $250 strike put option expiring on October 16, 2026, with 1,757 contracts traded, totaling around 175,700 underlying shares.
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