Today, significant options trading activity was observed in several S&P 500 components. The Cigna Group (CI) reported 9,568 contracts traded, equivalent to approximately 956,800 underlying shares, representing 56.5% of its average daily volume of 1.7 million shares. The most notable was the $350 strike put option set to expire on January 16, 2026, with 4,479 contracts traded, equating to approximately 447,900 shares.
Datadog Inc (DDOG) also saw robust options trading, with 20,025 contracts exchanged, corresponding to around 2 million underlying shares—52.5% of its average daily volume of 3.8 million shares. The $185 strike put option, expiring January 16, 2026, had 2,745 contracts traded, representing approximately 274,500 shares.
Additionally, Automatic Data Processing Inc. (ADP) experienced 12,938 contracts traded, which accounts for approximately 1.3 million underlying shares, about 47.9% of its average daily trading volume of 2.7 million shares. The $300 strike put option set to expire on January 16, 2026, saw 3,320 contracts traded, equivalent to 332,000 shares.
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