Key Thursday Options Insights: NFLX, GOOG, LNC

Netflix Inc (NFLX) reported a trading volume of 244,778 contracts on October 10, 2023, equivalent to approximately 24.5 million underlying shares, accounting for 49.6% of its average daily trading volume of 49.4 million shares over the past month. The highest activity was for the $75 strike call option expiring July 10, 2026, with 27,096 contracts traded, representing about 2.7 million shares.

Alphabet Inc (GOOG) saw a volume of 120,658 contracts, or 12.1 million underlying shares, constituting 49.3% of its monthly average volume of 24.5 million shares. The $355 strike call option set to expire on July 10, 2026, recorded 6,126 contracts traded, which translates to approximately 612,600 underlying shares.

Lincoln National Corp. (LNC) had a trading volume of 8,801 contracts, indicating about 880,100 underlying shares, or 48.7% of its average monthly volume of 1.8 million shares. The $35 strike call option expiring on July 17, 2026, noted 3,807 contracts traded, corresponding to roughly 380,700 shares.