On October 16, 2023, substantial options trading activity was reported for three major companies within the S&P 500 index. Johnson & Johnson (Symbol: JNJ) saw 42,583 contracts traded, equating to roughly 4.3 million underlying shares, or 59.6% of its average daily trading volume of 7.1 million shares. Notably, 14,827 contracts were traded for the $270 strike call option expiring on September 18, 2026, representing about 1.5 million shares.
Delta Air Lines Inc (Symbol: DAL) experienced a trading volume of 25,258 contracts, about 2.5 million underlying shares, which is 50.7% of its average daily trading volume of 5.0 million shares. The $89 strike call option expiring on August 28, 2026, accounted for 6,536 contracts, or approximately 653,600 shares.
Quanta Services, Inc. (Symbol: PWR) reported 5,483 contracts traded, representing around 548,300 underlying shares and 47.9% of its average daily volume of 1.1 million shares. The $580 strike put option expiring on October 16, 2026, had 1,430 contracts traded, representing approximately 143,000 shares.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
