Key Tuesday Option Trends: AMGN, VST, DELL

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On October 31, 2023, Amgen Inc. (AMGN) reported significant options trading activity with a total volume of 24,919 contracts, equivalent to approximately 2.5 million underlying shares. This volume exceeds AMGN’s average daily trading volume of 2.2 million shares by 111.4%. Notably, the $350 strike put option expiring on November 20, 2026, accounted for 3,010 contracts traded, representing around 301,000 shares.

Vistra Corp (VST) also experienced notable activity with 33,396 contracts traded, equating to 3.3 million underlying shares, about 84.7% of its average daily volume of 3.9 million shares. The $120 strike put option, set to expire on November 20, 2026, had 2,635 contracts traded, representing approximately 263,500 shares.

Dell Technologies Inc. (DELL) had 63,905 contracts traded, representing 6.4 million underlying shares, or 76.8% of its average daily volume of 8.3 million shares. Particularly, the $525 strike put option expiring on September 11, 2026, saw 1,901 contracts traded, equating to about 190,100 shares.

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