Significant Options Activity in S&P 500: Netflix, Costco, and Kraft Heinz in the Spotlight

Today’s options trading has revealed interesting patterns among S&P 500 companies, notably Netflix Inc (Symbol: NFLX), Costco Wholesale Corp (Symbol: COST), and Kraft Heinz Co (Symbol: KHC). Each company has experienced trading volumes far above their usual levels, indicating strong investor interest.

Netflix Options Offer Elevated Volumes

Netflix Inc (NFLX) has seen impressive options trading today, with 121,546 contracts traded thus far. This translates to approximately 12.2 million underlying shares, which is a substantial 338.8% increase over its average daily trading volume of 3.6 million shares for the past month. The most active option is the $800 strike call option expiring on October 25, 2024, with 16,458 contracts traded, equating to around 1.6 million underlying shares. Below is a chart depicting NFLX’s trading trends over the past year, with the $800 strike clearly marked in orange:

Costco Sees Striking Options Demand

Costco Wholesale Corp (COST) has recorded an options trading volume of 47,639 contracts today, equivalent to about 4.8 million underlying shares. This volume represents 259.4% of the company’s average daily trading volume of 1.8 million shares over the past month. The $870 strike put option, expiring on October 25, 2024, has been particularly notable, with 14,509 contracts trading and about 1.5 million shares represented. The chart below shows the trading history for COST, highlighting the $870 strike in orange:

Kraft Heinz Options Activity Spikes

Kraft Heinz Co (KHC) also stands out with a robust options trading volume of 136,456 contracts. This figure reflects around 13.6 million underlying shares and represents 243.1% of its average daily trading volume of 5.6 million shares. The most significant activity has been seen in the $37 strike call option expiring on October 25, 2024, with 84,273 contracts traded, representing approximately 8.4 million shares. The following chart illustrates KHC’s trading patterns over the last year, with the $37 strike highlighted:

For further details on available options for NFLX, COST, and KHC, visit StockOptionsChannel.com.

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

Also see:

• Utilities Stocks Hedge Funds Are Buying
• Consolidated Edison 13F Filers
• SFE Videos

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.